Vantage Point is a behavioural-focused global macro asset management firm
Vantage Point (VPAM) aims to generate high risk-adjusted returns, while reducing the risk of permanent loss of capital. VPAM’s approach to portfolio management is behavioural in nature, and not premised on having an information edge. As a result, Vantage Point deliberately avoids making predictions or forecasts.
The core components of VPAM’s investment strategy, return and carry and behavioural price episodes, allocate across geographies and asset classes as risk premia expands or contracts. Specifically, Vantage Point seeks to take on expanded risk premium when price has shifted rapidly and is inconsistent with fundamentals. VPAM believes such conditions provide the best odds, when supported by a robust framework, of achieving a favourable investment outcome as valuation anomalies present themselves.
In addition to capitalising on these episodes, Vantage Point pursues high risk-adjusted carry in instances where it is being paid to take risk. Vantage Point employs a strategy that strives for a low correlation to traditional risk assets and does not lever up assets with low risk premia in order to boost returns. VPAM achieves exposure primarily through exchange traded funds, index futures, equity sector baskets, swaps, options, FX and FX derivatives, each of which are traded through recognised exchanges or via the over-the-counter markets.
Vantage Point Asset Management Pte. Ltd. was established in 2017 by Nick Ferres and Paul Thomas, holds a Capital Markets Service License (“CMS”) and is regulated by the Monetary Authority of Singapore (“MAS”). Aura Group took a strategic ownership stake in Vantage Point Asset Management in April 2018.
The Vantage Point Global Macro Fund launched on 2 May 2018.