R3GPhysical balance
Supply constraints, inventory trends, seasonality and real demand frame the opportunity before price is considered.
03 / WHAT WE TRADE
Commodities
Real-world scarcity, expressed through liquid markets.
GLOBAL SUPPLY CHAINS · REAL ASSETS
OVERVIEWA focused mandate.
A focused mandate.
A global perspective.
Commodity markets translate weather, supply, geopolitics and physical demand into price. We pursue tactical opportunities across precious metals, energy and selected agricultural markets, adding a differentiated source of portfolio return.
RealUnderlying drivers
TacticalTypical expression
DiversifyingPortfolio role
FOCUS AREASWhere we look
Where we look
for opportunity.
01Gold and silver
02Brent crude oil
03Coffee and softs
04Energy markets
05Inflation-sensitive assets
06Liquid futures exposure
INVESTMENT PROCESSResearch to
Research to
execution.
Macro transmission
The dollar, rates, inflation expectations and geopolitical shifts shape how fundamental pressure reaches markets.
Defined expression
Liquid instruments and volatility-aware sizing allow a thesis to be expressed without losing control of downside.
“In real assets, price is where the physical world meets financial expectations.”