Wholesale Investors Only
Catalyst trading.
Defined Risk.
Options-based macro and catalyst trading with quantified risk.
This page is information for eligible wholesale investors only. It is not financial advice, nor an offer or invitation to invest. Past performance is not indicative of future results.
Quarterly Performance
The eccuity Trading Desk fund has a live track record of 4 closed quarters only, to 30 Sept 2026. This is a very short period from which no reliable conclusion about future performance can be drawn. Returns are net of performance fees, time-weighted, and based on each quarter's closing NAV. Past performance is not indicative of future results.
4 closed quarters
+17.40%
Q4 2025 to Q3 2026, to 30 Sept 2026. Net of fees, before tax.
Q4 2025
+1.57%
Q1 2026
+34.87%
Q2 2026
-21.08%
Q3 2026
+8.58%
1.2500
Unit Price
At the end of Q3 2026, from a $1.0000 start at inception.
+34.87%
Best Quarter
Q1 2026, net of fees. Individual quarters are not representative.
3 of 4
Positive Quarters
Closed quarters with a positive net return. A very short record.
Unit price over time
Performance fees are charged by cancelling units rather than by marking the price down, so the unit price tracks the result before fees. What an investor keeps is the figure above.
Against the alternatives
All figures in NZD. Our line is net of fees, before tax. The benchmarks are index returns with nothing taken out, so this is the hard comparison rather than the flattering one.
Growth of the total
Since inception
- eccuity Trading Desk
- +17.4%
- Cash × 3
- +6.9%
- S&P 500
- +18.5%
- Nasdaq 100
- +26.9%
- US T-Bills (cash)
- +5.1%
To 30 Sept 2026, the end of Q3 2026. Closed quarters only. A record this short proves little in either direction.
Important information
- Past performance is not a reliable indicator of future performance. The value of an investment can go down as well as up, and you could lose some or all of the capital you invest.
- The benchmarks are shown for context only. They are indices with no fees, taxes or trading costs, and they carry a different level of risk from the fund, so this is not a like-for-like comparison. You cannot invest in an index directly.
- Fund returns are net of fees, before tax. All figures are shown in NZD, so exchange-rate movements affect them.
- This comparison is information for eligible wholesale investors only. It is not financial advice, or an offer or recommendation to invest.
| Quarter | Unit Price | Gross | Net |
|---|---|---|---|
| Q4 2025 | 1.0210 | 2.10% | 1.57% |
| Q1 2026 | 1.4472 | 41.75% | 34.87% |
| Q2 2026 | 1.1422 | -20.46% | -21.08% |
| Q3 2026 | 1.2500 | 9.63% | 8.58% |
Returns have varied substantially between quarters, including at least one loss quarter. Individual quarters are not representative of expected ongoing performance.
The Origin
The Problem With Short Selling
- Unlimited downside risk
- Timing is always difficult, late entries compound losses
- Short squeezes create forced exits at the worst moments
- Borrowing costs erode returns over time
The Options Solution
- Maximum risk is known before entering any trade
- Asymmetric payoff, defined loss, uncapped upside
- Trade economic and earnings catalysts with precision
- Discovered through watching institutional options flow patterns
How We Trade
Options trading based on economic and earnings catalysts, grounded in a macro-first perspective
Macro Overlay
Begin with a top-down view of the economic cycle, monetary policy, and global risk to set directional bias.
Catalyst Identification
Target specific economic releases, earnings events, and policy decisions that create predictable volatility windows.
Options Execution
Structure trades where max loss is defined at entry, quantifying risk before every position is placed.
Our Targets
Clear, measurable benchmarks we hold ourselves to every quarter.
5%
Net Return per Quarter
Target return after all fees, each quarter.
75%
Quarterly Win Rate
Target positive quarters, measured quarter over quarter.
1.5
Profit Factor
Target $1.50 made on winning trades for every $1 lost on losing ones. Above 1.00 the wins more than pay for the losses.
Currently 1.57
These are internal performance objectives the team works toward. They are not forecasts, projections, promises, or guarantees of any future return. Actual results may differ materially, and you could lose some or all of your capital.
Our Edge
Macro Indicators
Economic cycle tracking, central bank policy, and cross-asset signals.
Options Flow
Real-time monitoring of unusual options activity and institutional sweeps.
Institutional Positioning
COT data, speculator crowding, and smart money sentiment analysis.
Technical Analysis
Price structure, volume profiles, and key support/resistance levels.
Fundamental Analysis
Earnings models, valuation frameworks, and sector rotation signals.
Agentic Research
Continuous AI-powered analysis running 24/7 across markets and data.
Fee Structure
Transparent, performance-aligned fees. No management fee.
0.50%
Deposit Fee
Charged on capital contributed to the fund
0.50%
Withdrawal Fee
Charged on capital withdrawn from the fund
20%
Performance Fee
Charged quarterly on gains above your individual high water mark.
Every investor has their own high water mark: the highest value their units have already reached and paid a fee at. The 20% applies only to gains above that mark and a 0.56% quarterly hurdle, so the same gain is never charged twice. After a down quarter, no performance fee applies until your units are back above your mark.
Investment Terms
Minimum Investment
$50,000 NZD
Fund Structure
NZD Unit Trust
Investor Type
Wholesale Investors Only
Minimum Commitment
12 Months
Fee Summary
One Trade at a Time.
Defined risk. Catalyst-driven. Performance-aligned.
Available only to wholesale investors as defined under the FMC Act 2013. Enquiring does not constitute an application or an offer. You may be asked to confirm your wholesale-investor eligibility before any further information is provided.
This page is information for eligible wholesale investors only and does not constitute financial advice, a recommendation, an offer, or an invitation to invest. eccuity Trading Desk LP is available only to wholesale investors as defined under the Financial Markets Conduct Act 2013. Past performance is not indicative of future results and the fund's live track record is limited to 4 closed quarters. Any performance objectives are aspirations, not forecasts or guarantees. Investing carries risk, including the loss of some or all of your capital. Returns shown are net of performance fees, time-weighted, and based on each quarter's closing NAV. Seek independent legal, financial, and tax advice before investing.