Trium bolsters global macro investment team with senior hire

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Leading family office backed alternative asset manager Trium Capital has hired experienced macro strategy specialist Joe Rouncefield. Rouncefield joins Trium from emerging market-focused hedge fund Spinnaker Capital and brings extensive experience working with a wide range of institutional investors in offshore and UCITS macro strategies.

Rouncefield previously spent almost a decade at Hugh Hendry’s Eclectica Asset Management where he covered both the flagship Eclectica macro hedge fund and the firm’s UCITS strategies.

In his new role, Rouncefield will work closely with former Eclectica colleague Tom Roderick, who has been managing a UCITS compliant discretionary global macro portfolio for Trium since 2018.

Commenting on the appointment, co-head of Trium Capital, Donald Pepper said: “We are delighted to welcome Joe to Trium, as we see strong demand for proven alpha generators in the global macro space.”

“We expect Tom Roderick, with the support of Joe’s expertise, to build a compelling investment proposition for sophisticated investors seeking to achieve strong and uncorrelated returns at a time when many see equity prices, and bond yields, at precarious levels. Global macro is having a resurgence as a strategy, and we believe Roderick’s lower volatility approach will develop strong support from UCITS investors.”

Rouncefield similarly believes that Roderick’s traditional top-down approach is well suited to the current environment: “Its broad remit provides the flexibility to take advantage of the powerful macro trends that have created disruption and dislocation across global markets.

“Last year’s renaissance has spiked interest in the sector. Tom’s longer-term track record in posting meaningful returns during what was widely regarded as an extremely challenging period for macro managers has made the opportunity to join the team particularly compelling,” Rouncefield said.

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