Multi-asset signal fund • Established 2020

Easy access to best-in-class macro hedge fund trading delivering +1,735% gross return since May 2020

Results independently audited by licensed CPA (ECMA, Nov 2024)

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:

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.

Performance at a Glance

Cumulative growth of a EUR 100K managed account versus Euro Stoxx 50, MSCI Asia, S&P 500 ETFs, and Bitcoin, net of fees.

Data through October 2025 (October 2025 provisional). Source: Fiat Elpis trade blotter and broker statements. Returns are net of performance fees and transaction costs.

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Client Testimonials

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