Thomas H.

Global Macro/Fixed Income & FX portfolio management for discretionary funds (total AUM ~$4bn), Co-management of a shared absolute return sub strategy (Sept 2021 to Jun 2023), full ownership since Jun 2023 (~10% of overall discretionary risk) – Thematic/Fundamental RV style, cash and derivatives Total individual P&L (Sept 2021 to Jul 2025): $33m

DM/EM sovereign trade ideas generation – central bank policies, political events and macroeconomic data analysis, interaction with economists, active use of in-house inflation/growth econometric models

Fundamental research in rates and FX space, development of fundamental/relative valuation frameworks

Thematic macro research – contribution to PMs macro discussion, notes distributed to investment team (ex. housing market risks, US/China trade wars and tariff policies impact, fiscal policies over Covid-19, DM inflation persistence risks, EM debt and external vulnerabilities), regular updates of relevant market themes on a multi-week basis

• • Fundamental Fixed Income/FX valuation and thematic research for senior PMs, risk metrics monitoring

• • Participation to sell-side strategy meetings and positioning/sentiment update to broader macro team

• • New investors on-boarding process - investment and risk scenarios simulations, adaptation of internal systems along with operations and technology teams

• • Long-term modeling project on global sugar supply and demand, demographics and economics drivers