Fiat Elpis is the global macro strategy founded by Saâd Filali Khattabi, with +2,071% gross return since May 2020

Philosophy

Fiat Elpis is a modern global macro fund that relies on the predictive talents and superior analytical skills of its managers, along with the broad expertise of our community of investors. We believe that by leveraging advanced analysis and a deep understanding of market dynamics, we can identify profitable opportunities before the market fully adjusts.

Methodology

We identify situations where market pricing deviates from fundamental valuations over periods ranging from seconds to weeks. Our approach is rooted in understanding the reaction functions and positioning of various market participants.

Unlike traditional macro hedge funds, which typically focus on medium-term fundamentals, we deploy diversified strategies quickly across various asset classes and instruments, enabling us to adapt to all types of market regimes.

Radical Transparency, Complete Flexibility, Open to All

We offer a transparent investment proposition: your funds remain in your own brokerage account while our trades are automatically replicated proportionally to your account size.

This has multiple advantages over a traditional hedge fund structure:

• Funds are never locked — withdraw or deposit instantly.
• No flat fee — we earn only on performance.
• You can monitor our performance and positions 24/7 in your own app.
• Adjustable exposure based on your risk appetite.
• Potential tax advantages in multiple jurisdictions including the UK, Singapore, Malta, Thailand, Costa Rica, Oman, Turks & Caicos, British Virgin Islands, Monaco, UAE, and Hong Kong.

Aligned Incentives

Most of our net worth is invested alongside yours. We trade multiple ideas every business day of the year across asset classes and time zones—macro trading is not a part-time job.

We do not collect any management fee; the Fiat Elpis team only makes money when you make money.