The Altius Approach
We provide liquidity when markets are stretched. When fear becomes overpriced, we step in to capture the premium—and we step back when risk is undercompensated.
Our strategy is built on behavioral discipline and a credit underwriting mindset—waiting for price extremes, then deploying capital with a structural margin of safety.
Capitalizing onDislocation.
The rise of passive investing and algorithmic trading has changed market structure. Volatility now compresses artificially—then explodes violently. During these explosions, traditional liquidity providers vanish. We fill that void, providing capital at price extremes when the market pays a crisis premium for immediate liquidity.
Our Core Principles
The Risk Grid
Our exposure is governed by a pre-committed framework based on volatility regimes. In calm markets, we stay defensive and preserve capital. When volatility spikes and premiums inflate, we scale into the dislocation—but only when the math favors us.
The Margin of Safety
When volatility is elevated, we can position 15-20% away from current price while maintaining target yields. This is the core of our edge: high volatility widens our buffer, allowing us to earn the same return with less risk of being wrong.
Survival-First Architecture
We deploy defined-risk structures and mechanical drawdown controls during extreme volatility. Buying power usage is strictly capped, ensuring we survive worst-case scenarios and remain positioned to capture the recovery.
Our InvestmentProfile
We deploy capital at price and volatility extremes through options and futures on liquid indices and select single names. Our focus is capturing the gap between the fear priced into options and what actually happens. This is not a core holding; it is an opportunistic satellite for sophisticated investors who understand that volatility itself can be a source of return.
Skin in the Game
The Principal has invested substantially all of his liquid net worth in the strategy. We are not optimizing for management fees—we eat what we kill. This alignment ensures that downside protection is not an afterthought; it is the foundation of every decision.
Stay Ahead of the Market
Periodic insights on volatility regimes, market dynamics, and how we approach dislocation.