White Elk Partners, the global macro hedge fund firm founded by Carl Radford and Michael Rothlin, has marked its one-year anniversary by securing a licence to operate as a registered Investment Manager in Hong Kong.

White Elk Partners offers a diverse mix of relative value and macro directional trading styles, designed to deliver returns to HNW, family office, and institutional investors across all market conditions.

The firm, managing AUM across its flagship Alpha Fund and SMA strategies, delivered a 12.87% return during the first year of trading to 30 September 2024.

Its global macro relative value strategy targets uncorrelated returns in the mid-teens and is designed as a lower volatility diversifier to equities.

White Elk Executive Anthony Bathurst said the approval of its investment management licence by the Securities and Futures Commission in Hong Kong marks a significant milestone for the firm. "With our investment management licence in place, we can now fully activate the strategic operating model we have built with tier-one partners over the past year," he said. "Establishing a robust and scalable model to support our underlying investment strategy under the White Elk label has been a key priority as we continue to grow the business."

The firm has developed a purpose-built institutional grade investment management model which is underpinned by partnerships with best of breed global firms including Goldman Sachs, JP Morgan, BNP Paribas, PwC, Ogier, and Mayer Brown.

White Elk Partners expects the formal granting of its investment management licence to drive substantial increase in its AUM, with plans to embark on a significant capital raise in the vicinity of $500 million.