3 year track record of managing volatility
The Darling Macro 3 year track record to end June 2020 was 12.08% pa, with risk of about 15% volatility. Equity markets with similar volatility generated 5.2% pa for Australian equity, 10.6% pa for Global equity, 5.6% pa for Emerging market equity and 19.1% pa for NASDAQ (USD). The emergence of Covid-19 in February 2020 demonstrated how our risk management enabled the strategy to remain close to its 15% volatility objective while equity risk moved well above its long term average resulting in a large drawdown for equity.
Source: Darling Macro, S&P. Rolling 3 year periods for the Darling Macro Index, from June 2017 to July 2020. Performance after fees and distributions reinvested. Risk is shown as realised volatility.