CEO Update

Market

February and early March have tested conviction in markets across the board. Bitcoin extended its drawdown, equity markets sold off sharply on renewed macro uncertainty, and risk appetite deteriorated broadly.  This is precisely the environment our strategies are built for: dislocated, high-dispersion markets where systematic, uncorrelated approaches generate disciplined alpha that directional beta simply cannot.

When markets are difficult, the quality of your infrastructure shows. Ours held. One highlight is our multi-strategy platform which delivered strong performance through the volatility, with directional momentum routine standing out as a particularly notable contributor, returning 10.42% net for the month.

Encouragingly, we saw healthy inflows into our flagship Basis+ strategy despite the market backdrop — a meaningful signal that institutional allocators are increasingly looking past short-term price action and allocating to managers with a demonstrated track record of risk-adjusted returns. Our capital pipeline continues to build across strategies and geographies, and we remain focused on converting that momentum into committed capital through Q2.

We remain measured in our outlook but confident in the resilience of our model.

March 3rd marked a significant milestone for Syntetika: the Foundation went live. This is the product of months of operational structuring, legal groundwork and close collaboration between our technology and operations teams. Our technology readiness continues to track well against our launch plan.