Fulcrum Multi Asset Trend Fund (MAT)

A pure play, medium-term, trend following fund, investing in a truly globally diversified and broad spectrum of underlying assets.


target volatility



The Fulcrum Multi Asset Trend Fund seeks to deliver positive returns throughout the economic cycle, employing a 100% systematic approach to investing. It aims to offer long-run uncorrelated returns to traditional asset classes such as bonds and equities. It is constructed to have no structural directional bias to any asset class in order to maximise the opportunity set and to extract returns independently of directional biases.

The Fund is constructed to exploit the benefits of diversification by investing across a very broad set of asset classes ranging from commodities, equity indices, currencies, bonds, interest rate swaps, credit indices and equity volatility futures, with some of these also based on emerging markets.

Fulcrum’s Multi Asset Trend Fund benefits from the robust macro-driven research infrastructure at the firm, combined with a real world, pragmatic approach to portfolio construction and is applied through a highly experienced team.

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Fund Centre

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Key Literature



Fund Brochure

Envelope and phone


If you have any questions, do contact us and we would be happy to have a chat.


Investment Universe


Fixed Income





Key Differentiators

  • A Truly Multi-Asset Approach: trading exchange traded products as well as OTC markets such as liquid CDS indices and IRS across fixed income, currencies, commodities, credit, equity indices and equity volatility
  • Transparency: we offer a very high level of transparency to investors
  • One Speed: we believe a medium-term trend follower is the optimum way to harness the benefits of trend
  • Experience: successfully managing the Trend strategy for over 10 years
  • Flat Fee: we believe you should be able to access all the benefits of trend following in a flat fee vehicle
  • An Aggressive Research Agenda: we believe the choice is clear – evolve the strategy or fall behind

Investment Philosophy

We have a collegiate approach to the academic and practical research around Risk Premia and implement the findings in a liquid format with a strictly systematic approach and a high level of transparency. Taking advantage of our distinguished position of being an asset manager with a sophisticated, experienced and well-regarded macroeconomic research capability, we combine this with our systematic research and use the strength of this collaboration to produce market-leading solutions for clients that help them diversify portfolios.


Leveraging Fulcrum's Capabilities

The Team draws on the investment capabilities of Fulcrum’s deep resource of investment professionals, from both the discretionary as well as the systematic side of the business. 





Three Gears


The Team

The Fulcrum Systematic Team is lucky enough to have close collaborative links with some of the most prestigious Financial Research Universities and Forums around the world. We participate in and benefit from many of their working groups and conferences. We find this very helpful in the evolution of our products.

Philip Strother
Head of Portfolio Management Group
Philip Strother
Head of Portfolio Management Group

Phil Strother joined Fulcrum in 2015. He heads up the Portfolio Management Group and is Portfolio Manager on the Fulcrum Multi-Asset Trend Fund and the Fulcrum Risk Premia Strategy. With over 20 years’ investment experience, Phil has previously worked at AHL, COMAC Capital, JPMorgan and BNP Paribas. Phil holds a Ph.D. in Physics from Imperial College London and an M.Sc. in Finance from the London Business School.

Contact Us

If you have any questions, do contact us and we would be happy to have a chat.