Three mandates. One philosophy.
GreyBourne operates three complementary investment mandates, each built on the same foundation: fundamental research, disciplined risk, and patient capital.
We begin where consensus ends. Our process combines fundamental research on every holding with a top-down macro overlay, architected around a risk framework that sizes positions for drawdown first and return second.
This is not a strategy that compounds on activity. It compounds on restraint — on the setups that do not meet the criteria, on the risk parameters that are never widened mid-trade, and on the refusal to confuse velocity with judgment.
Four pillars of our investment process.
Fundamental Research
Deep-dive analysis on every holding. We understand the business model, the balance sheet, and the competitive dynamics before any capital is committed.
Macro Overlay
A top-down macro framework shapes portfolio construction, guides sector exposure, and provides early warning of systemic risks across global markets.
Risk Architecture
Drawdown limits, correlation monitoring, and liquidity management are not afterthoughts — they are embedded in every investment decision from inception.
Patient Capital
We invest over the horizon that the opportunity demands, not the horizon that quarterly reporting requires. Patience, when warranted, is a source of edge.
How we deploy capital.
Global Macro
Discretionary macro across currencies, rates, commodities, and equity indices. We seek asymmetric opportunities driven by divergences in economic cycles, policy regimes, and capital flows.
FX · Rates · Commodities · Index futuresLong / Short Equity
Concentrated global equity book with net exposure managed to express a view rather than merely hedge it. Long positions reflect genuine conviction; short positions are research-backed, not formulaic.
Global equities · Sector-focused researchSpecial Situations
Event-driven and catalyst-oriented investments including restructurings, spin-offs, and mispriced complexity. A supplemental sleeve with return potential uncorrelated to the core books.
Events · Restructurings · Complexity arbitrageRisk is a function we do not delegate.
Every position is subject to codified risk tolerances enforced by an independent function that reports directly to the investment committee.
- Drawdown Limits
- Maximum drawdown thresholds enforced at portfolio and strategy levels, with codified escalation.
- Correlation Monitoring
- Cross-asset correlations tracked continuously; exposure rebalanced as regimes shift.
- External Audit
- Annual financial audit and quarterly performance attribution by independent third parties.
- Alignment
- Principals invest alongside partners in every fund vehicle, in materially meaningful amounts.
Specific performance information is shared with qualified investors during due diligence.