GHI Global Advisory Partners distributes, advises, and accompanies institutional investors in the search for and validation of managers whose strategies fit their portfolios or those of their clients.  The asset classes GHI covers to date are Liquid and non-Liquid Alternatives, Long-Only, and Premia Strategies.

To achieve this, we have surrounded ourselves with leading entities in each of these fields.  In Liquid Alternatives we offer our investors a universe of managers researched and filtered by Tycho Capital, the asset management division of Kepler Partners.  GHI provides direct access to these managers through UCITS and non-UCITS funds and segregated accounts.

Regarding Premia Strategies, we offer investors access to the Popularity metric developed by Zebra Capital Management in various forms, such as US and Global equities as well as Absolute Return.  It is important to note that this metric is the result of years-long research by Professor Roger Ibbotson of the Yale School of Management and a team of PhDs, implemented for the first time in 2010.

On the private markets side, our strategic alliance with Next Gear Partners enables us to provide access to highly sophisticated, technologically advanced companies operating at the forefront of AI, mobility and energy efficiency.

Strategic Alliances

 

“The sky is not meant to be admired in silence, but to be understood”

– Tycho Brahe

Tycho Capital is the asset management division of Kepler Partners, created to leverage Kepler’s market-leading research.  Since 2008, they have provided alternative investment research via their Absolute Hedge database (https://absolutehedge.com).  In 2012, they obtained their first investment advisory mandate, and in 2016, they launched the first ICAV fund based in Dublin.

Tycho Capital offers two main lines of business to global investors: investment solutions and investment consulting.

Their knowledge of the alternative investment universe and strong relationships enable Tycho to create original investment solutions and offer personalized advice.

GHI recommends the Tycho Funds to investors in part because of their extensive quantitative and qualitative approach to identifying highly talented managers for the Tycho Platform and its access to those managers.

GHI, through its relationship with Kepler Partners, offers investors and prospects up-to-date information on the Tycho Funds and direct access to their underlying managers through face-to-face meetings and video and/or standard conference calls.

Tycho Arete Macro Fund

The Tycho Arete Macro Fund is a Global Macro Strategy with a bias towards China. The strategy aims to deliver high risk-adjusted returns while maintaining a low correlation with all major asset classes. The investment process is centered around a top-down macro-analytical framework that incorporates the rapidly changing economic environment around the world, especially within China. The fund is managed by Will Li, CIO and Arete co-founder, supported by Arete’s Investment team. Investments are implemented across multiple asset classes and in liquid instruments only. This disciplined process and replicable strategy have a strong focus on managing risk through different market environments. 

Key points: 

  • Hong Kong-based discretionary macro manager founded in 2012.
  • The strategy was launched in 2012 through an offshore fund established in 2012 and fully replicable in UCITS.
  • Very low correlation to most asset classes.
  • The UCITS Fund was launched in July 2018.

Tycho Zazove Convertible Arbitrage Fund

The Tycho Zazove Convertible Arbitrage Fund employs a dynamic approach to Convertible Arbitrage with three core return drivers: Carry, Volatility Capture/Gamma Trading, and Tactical Opportunities, complemented by a structural tail hedge and dynamic credit overlay. For more than five decades, Zazove Associates have specialized exclusively in convertibles, with the aim of achieving returns similar to equities but with significantly lower risk.

Key points: 

• Founded in 1971, Zazove Associates (headquartered in Nevada) is an independent, 100% employee-owned asset manager with US$ 2.1 billion in assets under management.
• The Convertible Arbitrage strategy is designed to deliver consistent absolute returns with low volatility and low correlation, driven by three return engines: carry income, convexity (volatility) harvesting, and tactical trading opportunities.
• The portfolio as a whole is designed to be market neutral and leverage is used moderately, with a typical gross leverage (LMV) of 2:1.
• The collaborative, team-based investment approach enhances decision-making and portfolio oversight.
• The UCITS fund was launched in April 2026 and also incorporates tail risk hedging, which will provide protection against sharp declines during episodes of market sell-offs, while generating liquidity to reinvest in dislocated opportunities, allowing the portfolio to capture upside potential in rapid market recoveries.

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Tycho Athos Event Driven Fund

The Tycho Athos Event Driven fund is an equity biased, Event-Driven Strategy with a primary focus on short dated and liquid hard catalyst events in the Asia Pacific region, with the ability to invest a portion of the portfolio in global and softer catalyst event opportunities. Athos’s founders have built up years of experience in the event driven space at both large multinational asset managers and Asian focused funds. The team’s core belief is that a unique, low volatility, and uncorrelated income stream can be extracted from Asian hard catalyst event situations, and that its strategy of nimble trading, individual trade structuring, and dynamic portfolio construction is ideally suited to crystalize superior returns from that opportunity set.

Key points: 

  • Hong Kong-based fund manager founded in 2012 by Matthew Moskey and Fred Schulte-Hillen.
  • The strategy primary focus is on short-dated and liquid hard catalyst events in Asia.
  • Low correlation to other asset classes.
  • The UCITS Fund was launched in April 2021.

Tycho DG Systematic Trading UCITS Fund

The Tycho DG Systematic Trading UCITS Fund aims to generate returns by capturing medium-term trends in liquid markets, trading over 100 futures and forwards globally across equities, fixed income, currencies, and commodities. The fund employs a suite of three systematic trend following models, that are designed to extract directional alpha from a wide variety of market regimes. Within each model, the forecasting process is the same for each market, although there are significant differences in the way each model estimates future market direction, portfolio construction approaches, gearing, risk allocation and speed allocation. The three trend models are further enhanced by a proprietary set of risk modulators, which aim to reduce risk and protect profits when trends become over-extended, or markets experience sharp corrections.

Key points:

  • DG was founded in 2010. They manage approximately $2.5 billion in systematic strategies.
  • DG employs a systematic strategy that focuses exclusively on following medium-term trends.
  • Team of 40 employees.
  • Operates in 130 equity, fixed-income, forex and commodity index markets.
  • The systematic risk committee oversees the investment process and analysis.
  • The strategy is designed to produce uncorrelated returns, with particular emphasis on “positive biased alpha” (built into the analysis and modelling).
  • The UCITS fund was launched in December 2023.

Tycho Talomon PE Alpha Fund

The Tycho Talomon PE Alpha Fund is a global long-only equity strategy targeting public companies under the ownership of top-tier private equity firms. By investing in companies with significant private equity ownership, the fund captures the alpha generated through superior governance, operational enhancements, and strategic capital allocation.

Key points:

  • The strategy identifies investment opportunities through a proprietary filtering mechanism that assesses the risk/reward profiles of publicly listed companies.
  • This is complemented by additional due diligence at both the company and sponsor levels.
  • The portfolio is diversified across up to 40 mid-cap public equities in developed markets, focusing on industries poised for long-term growth.
  • The UCITS fund was launched in February 2025.

Tycho CapeView European Long/Short Fund

CapeView European Long Short is a European long/short equity fund with moderate net and gross exposure. It combines bottom-up fundamental stock selection with active risk management. The objective is to generate a steady stream of low volatility returns with positive alpha and mitigate market downturns. The CapeView portfolio typically consists of around 40 investments, with roughly equal numbers of long and short positions, across all sectors except life insurance and biotechnology. Investments are made only in companies in Western Europe, Scandinavia and the United Kingdom, where markets are liquid and regulatory frameworks are robust.

Key points:

  • CapeView, based in London, was founded in 2007 by Michael Sakkas and Suhil Shah, who previously worked at Merrill Lynch and Accenture, respectively.
  • The CapeView European Equity Long Short strategy has a track record dating back to 2018, generating consistent alpha in long and short positions across multiple market cycles.
  • It is based on bottom-up fundamental analysis and risk management focused on mitigating losses.
  • Options are used for hedging purposes and are actively traded to minimize costs.
  • The UCITS fund was launched in January 2026.

Leadenhall UCITS Cat Bond Fund

Leadenhall Capital is one of the leading managers in the catastrophe bond (Cat Bond) market. The Leadenhall UCITS ILS Fund aims to provide investors with access to returns from the insurance and reinsurance markets through investments in Cat Bonds and ILS.

Key points:

  • Founded in 2008 and managed by a team of 11 partners with extensive experience in insurance and capital markets.
  • Leadenhall operates globally with offices in the United Kingdom, Ireland, the United States and Bermuda and benefits from a strategic partnership with Mitsui Sumitomo Insurance Group.
  • The fund invests in liquid Cat Bonds, which represent a unique alternative asset class where the main sources of return and risk are uncorrelated with financial markets.
  • Leadenhall launched its UCITS fund in 2015.

Tycho Calibrate Macro Fund

The Tycho Calibrate Macro Fund employs a global discretionary macro strategy, trading across global rates, FX, commodities, equity indices, and sectors in multiple geographic regions. Unlike most macro funds, the strategy’s investment process does not begin with the formation of an economic view or outlook. Instead, it starts with modelling asset price behavior and fundamentals to identify exploitable investment opportunities arising from macroeconomic and market dislocations driven by asset class features, positioning, market structure, investor behavior, and regime shifts across global markets.

Key points:

  • Founded in 2021 by John White and Michela Ferrulli, Calibrate Management Ltd. runs a high-conviction discretionary macro strategy, led by Eric Lonergan, who has over 25 years of experience in global macro management, including senior roles at Eisler Capital and M&G.
  • The strategy stands out within the macro universe. Calibrate focuses on the pillars of long-term valuation, behavioral mismatches, and convexity-based positioning, aiming to capture opportunities during macro regime shifts. The idea generation starts with proprietary quantitative signals on valuation and price patterns, complemented by qualitative analysis of market narratives and investor behavior.
  • Implementation uses only liquid futures and options, ensuring high liquidity, transparency, and efficient use of capital.
  • The portfolio combines structural themes from several years with short-term tactical trades based on price movements driven by behavioral factors. It uses both directional and relative value positions to isolate opportunities with the most attractive risk-return profile.
  • The strategy targets a 1.5 Sharpe ratio and is managed to a realised volatility target of 10-15%, which serves as the primary quantitative anchor for overall risk budgeting.

“People are more influenced by a story than by a fact. Stories have too much impact in comparison with facts.”

—  Roger Ibbotson

Founded in 2001, Zebra Capital Management is a Connecticut-based Systematic, Behavioral and Fundamental asset manager.  Zebra combines academic research and analytical methods with direct trading, risk management, and operational experience.

GVC Gaesco Zebra US Small Caps Low Popularity Fund

GVC Gaesco, with more than 60 years of history and headquartered in Barcelona, is one of Spain´s leading independent asset managers. It covers Spain, the rest of Europe and Asia for its suite of funds. The adoption of Zebra’s popularity metric for its US Small Cap Fund comes after a long time of following Professor Ibbotson’s work.

Key points: 

  • The strategy follows Zebra Capital´s investment philosophy in US Small Caps by investing in less popular stocks with strong fundamentals.
  • The strategy was launched in 2010 and has an annualized information ratio vs. the benchmark of 0.57.
  • The UCITS fund was launched Q3, 2023.
  • The fund manages a Long Only US Small Cap Low Popularity strategy that uses Zebra’s proprietary and behavioral metrics.
  • The fund´s objective is to generate consistent excess returns with a lower beta and volatility than the benchmark index (Russell 2000 Index TR).
NVG is an Israeli firm specializing in mobility and energy transition with an ecosystem designed to support and scale early-stage ventures. They carefully select entrepreneurs that combine ideas that have promising market impact with dedication to shaping a smarter, more sustainable, and safer mobility future. At NGV, they mitigate risk through a 3-stage de-risking model that puts relationship and market traction first.

Next Gear Ventures Growth Fund

NGV Growth Fund targets its first closing planned for Q1 2026, structured as a SICAV RAIF in Luxembourg with ADEPA and a target AUM of USD 200 million.

The fund builds on the track record of Next Gear Ventures, manager of NGV I (2019) and NGV II (2024), focused on startups at the intersection of artificial intelligence and energy transition, primarily sourced through its Drive TLV innovation hub in Israel. NGV I has achieved a top-decile IRR, while NGV II is currently in the investment phase.

The new Growth fund will invest in 10–15 companies in the growth phase, with tickets of USD 10–15 million, with the aim of accompanying the leading companies in the portfolio, avoiding dilution and accelerating their expansion. Its proposal is distinguished by a management team with an entrepreneurial and industrial profile, a previously identified and validated deal flow, and an effective investment horizon of 3–5 years, aimed at generating early distributions and high potential returns.