Est. 2011 · New York · London · Singapore
Apex Ventures is a systematic alternative asset manager. We run four research-driven strategies across macro, credit, equity and volatility, built on one portfolio construction engine and a single, hard limit on how much we are willing to lose.
Qualified, accredited and professional investors only. Minimum initial subscription US$1,000,000.
01 — The mandate
Apex Ventures was founded on a single conviction: that a disciplined process, applied consistently across many uncorrelated decisions, beats conviction applied to a few. Every strategy we run is expressed through the same portfolio construction and risk engine, so that exposure is aggregated, measured and capped in one place — never negotiated desk by desk.
We would rather be right about how much we can lose than about how often we are right. Position sizing is a first-class research output, not an afterthought bolted on at execution.
Each strategy receives a volatility and drawdown budget. Breaching it de-risks the book automatically — a rule the investment committee cannot vote to ignore.
An idea earns capital only after surviving out-of-sample testing, transaction-cost modelling and a pre-registered falsification check. Stories are cheap; sample size is not.
We size positions to what we can exit in a stressed week, not a calm one. Monthly liquidity with a 60-day window is a commitment, and it constrains the portfolio by design.
“Markets never close. Neither does our risk monitoring.”Eleanor Vance-Hart · Founder & CIO
02 — Investment strategies
Capital is allocated quarterly by the investment committee, with the ability to shift up to ten percentage points between sleeves tactically. Allocation figures are the target weights of the flagship Apex Global Composite vehicle.
34%Target weight
A rules-based directional and relative-value book spanning rates, currencies, commodities and equity indices. Signals are evaluated on horizons of five to ninety days and combined through a hierarchy that penalises crowding across correlated markets.
26%Target weight
Distressed, special situations and capital-structure arbitrage in North American and Western European credit. We underwrite to recovery in a reorganisation, a refinancing or a sale, and hold when the fulcrum claim is cheap relative to the assets behind it.
24%Target weight
A fundamental, sector-neutral book of 80 to 120 names held for nine to twenty-four months. Earnings revisions and balance-sheet quality drive the ranking; the constraint that matters is that our beta to the index stays inside a narrow band.
16%Target weight
The convex sleeve. We harvest the variance risk premium in normal conditions and hold a permanent, sized-for-ruin hedge against the scenarios in which our other three sleeves are all wrong at once. It is designed to lose a little most months.
03 — Platform
Every sleeve reads from the same market data spine, writes to the same position ledger and is measured by the same risk engine. That means the committee sees one portfolio rather than four, and a limit breach anywhere is visible everywhere within seconds.
04 — Track record
Figures below describe the Apex Global Composite and are shown net of a 1.5% management fee and a 20% performance allocation, as of 31 August 2026. They are illustrative placeholders for this design template — see the disclosures at the foot of this page.
Since 1 January 2012, net of fees.
Benchmark: 5.0% annualised over the same period.
Net; risk-free rate averaged 2.1% over the period.
Computed from annual net returns, 2012–2025.
2020 — full year, net of fees.
2018. Positive in 13 of 14 calendar years.
1 January 2012 → 31 August 2026 · net of fees, inclusive of reinvestment
US$1,000,000 invested at inception. Net of a 1.5% management fee and a 20% performance allocation. Benchmark: an illustrative composite of global macro and long/short indices, rebased to the same inception date. Past performance is not indicative of future results.
| Year | Apex (net) | Benchmark | Excess |
|---|---|---|---|
| 2012 | +12.8% | +5.9% | +6.9% |
| 2013 | +18.4% | +8.3% | +10.1% |
| 2014 | +9.1% | +4.1% | +5.0% |
| 2015 | +6.3% | -1.2% | +7.5% |
| 2016 | +11.7% | +6.4% | +5.3% |
| 2017 | +15.2% | +9.8% | +5.4% |
| 2018 | -2.8% | -5.4% | +2.6% |
| 2019 | +14.6% | +8.9% | +5.7% |
| 2020 | +27.9% | +11.2% | +16.7% |
| 2021 | +19.3% | +7.4% | +11.9% |
| 2022 | +8.7% | -3.1% | +11.8% |
| 2023 | +12.1% | +5.6% | +6.5% |
| 2024 | +16.4% | +8.1% | +8.3% |
| 2025 | +14.2% | +6.2% | +8.0% |
| 2026 YTD | +9.6% | +4.3% | +5.3% |
05 — Team
Four partners, 42 professionals, no star traders. Every strategy is owned by a team of at least three, and no individual can size a position alone.
Founder & Chief Investment Officer
Founded Apex after fifteen years building systematic macro books. Chairs the investment committee and holds the final signature on every risk-budget change — a veto she has used four times since inception.
Prior: Head of Systematic Macro, Halden Brothers · MSc Financial Economics, LSE · CFA charterholder
Partner · Head of Event-Driven Credit
Runs the credit book across North America and Western Europe. Seventeen years in distressed situations, and unusually for the space, a stated preference for claims with a court date attached to them.
Prior: Norgate Asset Management, Bank of Aldwych distressed desk · BSc Mathematics, University of Cape Town
Partner · Head of Quantitative Research & Risk
Owns the research pipeline and the risk engine that constrains it. Fifteen years in quantitative research; author of the pre-registered falsification protocol every Apex signal must survive before it is funded.
Prior: Head of Risk Research, Kestrel Advisors · PhD Statistics, University of Cambridge
Partner · Head of Volatility & Tail Strategies
Runs the convex sleeve and the firm's stress-testing framework. Nineteen years in listed and OTC volatility, and the standing mandate to argue the bear case at every committee meeting.
Prior: Pinehurst Capital, Halden Brothers · MSc Mathematical Finance, ETH Zurich
06 — Investor access
Existing investors log in to view monthly statements, exposure reports, the full performance series and fund documentation. Prospective investors can request access below — a member of the investor relations team responds within two business days.
Minimum initial subscription US$1,000,000. Access is restricted to professional clients, qualified purchasers and accredited investors, or the equivalent status in your jurisdiction. We do not accept retail applications.
07 — Legal
Please read these disclosures in full before requesting access or acting on any information presented on this page. Nothing here is tailored to the circumstances of any particular person.
Compliance and investor relations
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