Our thinking,
once a month.
A monthly letter from the desk at Magnum Opus Capital: how we think about research and the macro backdrop shaping the months ahead. Written plainly, for people who take markets seriously.
Subscribe to the LetterA considered market read.
How we think about the wider market and the questions we are researching. One monthly letter. Confidential performance statements are separate and available through Investor Relations after verification.
Research in context
The assumptions behind an idea and the evidence needed to evaluate it. Newsletter signup does not grant access to confidential performance data or investor statements.
The macro read
How we read the backdrop that will shape the months ahead: rates, liquidity, inflation, and the cross-currents moving stocks, commodities, bonds, and digital assets — and what the tape is telling us that the headlines aren't.
Strategy & outlook
What we are watching and what evidence would change a research view. Detailed fund positions and offering terms remain in confidential investor materials.
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