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.We Predict the Future … of Markets, Risks, and Technology
III Macro | Ironic Intuition INC
III Macro is a high alpha, high sharpe ratio research boutique catering to top global hedge funds and investment managers. We do big ideas research across Global Macro Economics, Technology and Human Behavior. We recommend LS Trade Ideas across Equity, Fixed Income, FX, and Commodity markets. Our Research SMA portfolio has over 30% annual returns at ~1.5 SR. Our work is heavily driven by Future Data Science, including "big data" and "unique pattern comparison algorithms". We have zero down years in our 10 historical year track record, and including over lapping close associated / client portfolios few or no down years in over 20 years of separate strategy observations. III Macro is run by the founder Michael Storm Jeske who previously worked / collaborated with Shumway Capital, JAT Capital, Global Sigma Group, SSE Capital. Ironic Intuition Incorporated. March 31st, 2016
IIIM SMA Portfolio Brochures:
Please Reach Out to Learn More Here, or at INFO@iiimacro.com
IIIM Latest Perf:
YE 2023 - What a Roller Coaster of a YEAR! But we finished up 46% net in our 1st SMA, and generally within +/-10% to that in ALL Larger accounts.
We learned a ton in 2023, and spent alot on running a very hedged portfolio to “tail risk” - Nukes, Putin, China.
Despite this DAY1 of 2024 (and the last week of 2023) hitting us Hard - We love the Outlook our Unique Insights from Here. We have seen this BEFORE!
The Best is Yet to Come!
September 30 Back to our YTD lows. Maybe a step better than mid-June and that is satisfying. We like our trade set - its 5-6 big unique LONG ideas - and they are moving together which says this is ALL MONEY FLOWS. Not bad ideas, nor actual economics.
Generally, as below with the +40-% July, we expect the upside here is off-the-charts.
July 31 We finish the month with a monster +40% month, and sit -5.2% on YTD.
Our 3Y returns are now 73% annual.
And 5Y returns are 48% annual.
This in the 1st portfolio which we mark to; Newer and larger clients opened in Decemeber are significantly positive YTD.
Most surprisingly of all, we achieved the +40% JULY month (embarrassing really) without hitting anything special. We just slowly had worked into convexity, based on the mistaken super-high volatility markets. Up or down on EPS #S and we were set to WIN.
March 31 We should’ve heeded our own advice - as of March 14th portfolios were DOWN roughly 23% by our typical marking method. HOWEVER - we remained confident that Putin was losing and our stock were performing. As of the end of Q1 we stand at -4.2% in the main account, and some larger / newer accounts are actually positive ITD, and YTD.
December 31 We finish our 2nd straight 100% years (wow!) and 78% before that. We should go conservative into 2022, but that is not really our style. Lets ROLL!!!
August 31 “we have the right positioning” for 2H, 2021 - “opposite of most”. Short Financials and Energy. We also caught Short ZM, and PTON. And have some “black magic” in the portfolio.
June, July, August finished: +13.7%, +7.6%, +15.5% respectively, and we stand +55% YTD.
Contact for more details on becoming an SMA client ($1mln min).
June 15 We stand at +13.5% YTD. Some ups and downs. We tend to be long-tech, and happy to short Energy and Financials. We think we have the right positioning for the year. Opposite of most.
I think we again have a unique, high-upside / low-downside mix. We’ve been knocking on +20% since late January.
I can feel it coming!!