In the coming period, an announcement will be made that very few participants in institutional finance are currently positioned for. A strategy built by world-class practitioners, now shortlisted by Euroclear, is earning recognition that cannot be manufactured, purchased, or marketed into existence.
It has to be earned. And this team earned it.
The people behind this are not new to institutional markets. One principal began his career in 1992 at AHL (now part of Man Group), rose to Trading Manager overseeing multi-billion-dollar hedge fund executions, and later co-founded one of the most enduring systematic fund management operations in the UK. Physics degree from King’s College London, MSc Finance from Brunel, 33 years of institutional experience. FCA and NFA authorised.
The second principal also began at AHL in 1993 before designing risk-management systems at Nomura, serving as Chief Architect at Thales Information Systems, and engineering defence-grade credit risk systems for Deutsche Bank and other tier-one institutions. PhD in Computer Science & AI, 32 years of institutional and technical experience. FCA and NFA authorised.
Together, that’s more than 65 years of institutional expertise. This is not a team building a track record—they already have one.
What they built
Fixed-rate rollover and compounding arbitrage. Not a macro bet. Not a directional rates strategy. Not dependent on forecasts, cycles, or central-bank views. It is a structure that systematically arbitrages the spread embedded within fixed-rate rollover markets and compounds the captured differential, remaining structurally independent of market direction and asset-class correlation.
This edge exists because post-2008 regulatory architecture (Basel III capital rules, mandatory clearing, leverage ratio constraints) makes it impractical for dealer banks to deploy sufficient balance sheet to close these persistent dislocations. Strategies with the right counterparty infrastructure can capture and compound the spreads via simultaneous offsetting positions with no directional interest-rate exposure.
When markets are stressed, the strategy captures a spread. When central banks pivot, it captures a spread. When correlations converge elsewhere, it remains structurally independent. The macro environment is noise. The structure is the signal.
Why most allocators have never seen this
Strategies of genuine structural quality do not advertise. Capital flows through earned relationships. GPM Invest operates as a selective institutional introduction network, facilitating reverse-solicitation introductions between qualified allocators and strategies with verified institutional credibility.
My background is 25 years in institutional interest-rate derivatives (Tradition 1999–2006, ICAP 2007–2011). This is the only fixed-rate rollover and compounding arbitrage strategy currently being introduced through GPM Invest—by design.
The unresolved portfolio problem
The 60/40 portfolio failed publicly in 2022. Equities fell. Bonds fell with them. The hedge did not hedge. Private credit absorbed the capital outflows, but spread compression, liquidity mismatches, and crowding are now visible to anyone paying attention.
A market-neutral, structurally non-directional return engine is no longer peripheral; it is central to resilient portfolio construction. Fixed-rate rollover and compounding arbitrage does not require a prediction—only a spread that has persisted since the post-crisis regulatory shift and remains in place today.
If you manage serious capital and want to understand what Euroclear is about to recognise, the dialogue starts now. DM me directly or email douglas@gpm-invest.com. Qualified allocators only. Access is deliberately limited and that is not changing.
This content is intended for professional clients and eligible counter-parties only. It does not constitute investment advice or a solicitation. GPM Invest facilitates introductions to regulated alternative investment strategies on a reverse-solicitation basis. Past performance is not a reliable indicator of future results. Returns depend on market conditions and execution; outcomes may vary. Independent due diligence is strongly recommended.
Douglas Burns · CEO, GPM Invest · 25 years in institutional interest-rate derivatives · Tradition (1999–2006) · ICAP (2007–2011)
#InstitutionalInvesting #MarketNeutral #RatesArbitrage #Compounding #PrivateCredit #PortfolioConstruction #FamilyOffice #CIO
