Macro-Centric

The 05 Capital Absolute Return Fund adopts a macro-centric approach to investing. The Fund seeks to generate superior long-term returns by investing in a relatively concentrated portfolio of predominantly US-listed publicly traded companies that it believes are likely to outperform given the prevailing macro environment, market narrative, and underlying company fundamentals.

The Fund actively complements this long equity portfolio with macro/non-equity instruments designed to hedge against adverse macro-outcomes specific to the portfolio, or to express fundamental and tactical macro views.

Liverpool's legendary comeback against AC Milan in the 2005 UEFA Champions League Final—held at the Atatürk Olympic Stadium in Istanbul—remains one of the most iconic moments in sports history. 

Overwhelming favorites, AC Milan of Italy, surged to a commanding 3–0 lead by halftime, with goals from captain Paolo Maldini and a brace from Hernán Crespo.  In an astonishing six-minute burst during the second half, Liverpool responded with three goals to level the match.  The drama extended into extra time and was ultimately decided by a penalty shootout, which Liverpool won—cementing the game’s legacy as The Miracle of Istanbul.

05 Capital takes its name from this extraordinary final, played on 05/25/05.  It serves not only as a tribute to that date but also as a reflection of the values the match embodied: 

• Resilience in the face of overwhelming odds, 
• Belief under pressure, and a 
• Commitment to those who place their trust in us

We see this spirit as foundational to how we work—with conviction, humility, and a determination to deliver, no matter the challenge.