Multi-Strategy Portfolio· Indices · FX — a risk-first approach to multi-asset outperformance

Muffett Investments runs a multi-asset strategy that blends long-term equity conviction with tactical, leveraged overlays in indices and FX. Every equity holding is underwritten by a structural megatrend; the index and FX sleeves exist to hedge and to express macro views — never to amplify conviction. Because leverage can do outsized damage, risk management is the top priority of this framework, not an afterthought.

The Three Sleeves

Core Equity (60–70% of NAV, unlevered) — 15–25 individual names, each mapped to a structural megatrend: global ageing, Asia’s rising middle class, the African demographic dividend, resource scarcity, AI platformisation, and gold/energy security. Positions are built with a nibble on initiation and added to on confirmation, and held for years, not quarters.

Tactical Index (15–25% of NAV in capital committed, not notional; combined with FX capped at 40% of NAV even if equity is under-deployed) — futures, CFDs and leveraged/inverse ETFs on major benchmarks, used to hedge the equity sleeve’s beta in steep drawdowns and to add tactical exposure when the backdrop is constructive. No leverage cap — sizing is governed by dollar risk per trade, not a notional multiple.

Tactical FX/Macro (10-15% of NAV in capital committed, not notional; combined with Index capped at 40% of NAV even if equity is under-deployed) - the smallest, most tightly governed sleeve, expressing explicit macro views (USD strength/weakness, rate differentials, EM currency dynamics) that hedge or complement the other two. No leverage cap - sizing is governed by dollar risk per trade, not a notional multiple.

Discipline

Every position is sized and stopped before it is opened. Equity is held to a 60-70% band (70% a hard cap, 60% a soft floor); Index and FX combined are capped at 40% of NAV regardless of how much equity is deployed. There are no leverage limits - instead, every trade’s risk (potential loss to stop) is capped at 2% of the portfolio’s starting NAV, with 0.5-1% of current NAV as the typical range; no more than 2 new index trades and 2 new FX trades per day. Other limits: single-name equity cap 8% of NAV; a -3% single-day loss halts new tactical trading for 24 hours; a -15% portfolio drawdown halts all tactical trading pending review; total margin usage capped at 50% of account equity; no averaging down in the tactical sleeves. The full rule set is documented in the Multi-Strategy Portfolio Framework.

Performance

Live tracking for this sleeve will populate here once the paper-trading execution agent is connected and generating a trade history, in the same format as the Strategic and Momentum portfolios. Check back soon.

This page describes an internal model portfolio framework for informational purposes only and is not investment advice. Any trading activity shown is simulated (paper trading) unless stated otherwise. Indices and FX are leveraged instruments and carry a high level of risk. Past performance is not indicative of future results.