Tulip Trend Fund UCITS

The Tulip Trend fund launched in UCITS format in 2018 (in addition to the existing Cayman structure from 2003) and is Managed by Transtrend, a leading Managed Futures firm founded in 1991, whose investment approach is rooted in commodity trading. The program is a systematic medium-term trend following strategy investing across a highly diversified global multi asset portfolio of futures, forwards and swaps, trading a variety of traditional markets (commodities, equities, bonds, currencies), with a sizeable allocation to alternative markets (c. 60% of risk) such as electricity, emission rights, and synthetic market combinations e.g. commodity spreads and cross-sectional “hybrid” market combinations. The current investment universe consists of roughly 650 markets. The strategy focuses on the underlying (real-world) factors that drive markets, and as such employs a holistic approach to trend identification. The strategy utilizes five families of trend systems which are fuelled by prices set in the individual markets they trade: the Breakout system, which identifies significant price movements beyond typical ranges; the Risk Premium system, which assesses trends based on the potential for excess returns from additional risk; the Return-to-Trend system, which looks for prices reverting to long-term trends; the Term Structure system, which analyses the spread between short-term and long-term interest rates to identify trends; and the Tail Risk Premium system, which evaluates the far ends of price distributions to assess risk and spot potential trend The trend risk framework enables the fund to have sizable positions in different trends, with a balanced risk allocation across the factors driving these trends.