Praxis Capital Management (Praxis) is an alternative investment manager with an active style of global macro investing. Praxis launched its flagship Praxis Opportunity Fund in 2018 with the objective of achieving non-correlated, asymmetric, risk-adjusted returns compounding over a medium- to long-term time horizon.
Praxis Opportunity Fund
Leveraging its founders’ experience in trading proprietary capital, the Fund actively trades around its core macroeconomic views to capture optimal convexity on the upside, while limiting downside exposure by adhering to strict, mark-to-market risk management practices.
The fund has historically benefitted from periods of price dislocation between asset classes. It is during times of increased cross-asset volatility that the fund is best suited to generate attractive returns that are uncorrelated to the broader market.
Conversely, during times of low opportunity, we are laser-focused on minimizing losses to preserve capital and compound risk-adjusted returns.
Strategy
Praxis is focused on discretionary, opportunistic Modern Macro trading and has developed a muti-process investment approach that integrates a blend of macro-economic fundamentals, technical analysis, and relative value analysis.
Research-Driven
The trading idea generation process begins by processing all incoming data and supporting research with an unbiased filter to identify central macro themes in global capital inflows and outflows.
Opportunistic
Upon identifying high risk/reward thematic investment opportunities, the fund expresses its macro views using cash, futures, and options positions on fixed income, equities, commodities, and foreign exchange across several durational strategies.
Multi-Durational
The Fund’s trades fall into three separate duration books: Short-duration trading (event-based), Medium-term positions (tactical trading), and Longer-term positions (thematic).
Risk-Focused
As our trades reflect our view of the macro landscape, we closely monitor market activity around the clock to right-size our exposure in response to changes in market conditions.
