Altex Tactical
The tactical and flexible investment fund
Flexible and alternative, Altex Tactical executes an active volatility management strategy. Its objective is to monetise inefficiencies in the VIX futures curve (S&P 500 volatility) and the difference between implied and realised volatility. It becomes defensive during periods of panic, and bullish and profitable when the market regains calm.
Designed for investors seeking real diversification, active and tactical management, and who wish to delegate to professionals the ability to buy and sell market protection at the right moments.
Performance of the Altex Tactical investment fund
Why invest in Altex Tactical?
Adapts to the market
Adjusts its positioning based on risk, moving from defensive to more aggressive depending on the context.
Protection in downturns
In bearish environments, it measures market stress and, if the probability of a fall increases, takes shelter in defensive, low-volatility assets.
Captures upswings
In favourable markets, it quickly shifts and increases exposure to assets with greater return potential.Real active management
It does not maintain a fixed exposure but continuously adjusts risk to protect capital or generate gains as appropriate.Investment philosophy
extreme adaptability
Altex Tactical moves away from rigidity to focus on survival and intelligent growth. It is based on the premise that markets are not static, and therefore the portfolio should not be either. Through a sophisticated “risk thermometer”, the fund measures financial stress and the probability of imminent falls. This philosophy allows the management team to be pragmatic: reducing exposure when risk is high and maximising sensitivity to upswings when the environment is favourable, ensuring the fund is always on the right side of the trend
Investment process: objective anticipation and rapid response
Altex Tactical is a truly unique fund, unlike any other. At the heart of the process is a sophisticated market thermometer that enables both profit generation and capital protection. This algorithm analyses implied volatility (VIX) and the behaviour of institutional investors to assign a risk reading on a scale of 0 to 100. Its analysis allows the fund to anticipate falls before the rest of the market reacts and to adopt more defensive positions in an objective and pragmatic way.
A reading below 60 suggests increasing market exposure and investing in high-return assets; between 60 and 90, it recommends activating defensive positions; and above 90, the fund signals the risk of sharp falls and prepares to adopt short positions.
The fund’s risk profile is highly tactical and adjusts the portfolio according to thermometer readings. To execute these changes immediately, the process uses highly liquid assets such as government bonds, short and medium-term volatility derivatives, index derivatives, defensive bonds and cash, allowing the portfolio to move from aggressive to defensive in record time.
Historical performance of Altex Tactical
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