Responsible Investment & Corporate Social Responsibility

We strive to offer investment solutions that offer maximum transparency, liquidity and capacity while avoiding unnecessary complexity in terms of modelling and the use of financial derivatives. We seek to implement our investment programs with the least possible impact on each of the markets in which we operate. While we do seek to take advantage of medium- to long-term price trends, we do not want to be the source of such moves. Trading derivatives plays an essential role in today’s market landscape. In our view, the concept of Responsible Investment goes beyond the incorporation of environmental, social and government factors into our investment process. By engaging into public and regulated exchange-traded futures markets, we act as a risk transfer agent or “speculator” (a trader who does not hedge, but who trades with the objective of achieving profits through the successful anticipation of price movements), taking on risks that other market participants are not willing to take. Managing price risk through the robust identification of medium- to long-term price trends is what we believe to be our core competence and a valuable contribution to our clients’ investment portfolios. We do not seek to capture any risk premia associated with other types of risk factors including environmental, social and governance risk factors. However, we do recognize that such other risk factors will, depending on the type of market, have a greater or lesser impact on the market price of risk, and will in some circumstances contribute to pricing inefficiencies between markets, which may be successfully captured by our investment process.