Media

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Media

Read Adrian's LinkedIn article, The Edge That Survives the Machine (June 2026)
Read Orbis Investment Management's 2025 President's Letter, which highlights Adrian's book, The Super Organisation Secret (January 2026)
Winner of the Hedge Fund Journal award for best performing event driven UCITS fund over 5 yrs (article date, May 2025)
O3 Mining investor knocks Agnico offer, Mining.com (January 2025)
This fund's public statement on the takeover of O3 Mining by Agnico Eagle (January 2025)
This fund's letter to board of Loungers Plc, subsequent to which the takeover price was raised (December 2024)
The Hedge Fund Journal names Adrian Courtenay as part of its Fifty Rising Stars (July 2024)
Adrian Courtenay presents Raspberry Pi at Sohn Monaco (June 2024)
Western Areas agrees to increased $939m offer from IGO, Reuters (April 2022)
This fund's public statement on the takeover of Western Areas by IGO Ltd (March 2022)
This fund's letter to the acquirers of Noront Resources, subsequent to which the takeover price was raised (November 2021)

Research and Other Publications of Interest

GA-Courtenay research, A Unified Framework For Modelling The Future (March 2026)
GA-Courtenay research, SpaceX the Central Bank of the Space Economy — and Its Public-Market Proxies (January 2026)
Morningstar, Mind The Gap (August 2025)
GA-Courtenay research, Raspberry Pi: Small Board, Big Future (April 2025)
GA-Courtenay research, Evaluating The Vector Sum Theory of Corporate Output (January 2025)
GA-Courtenay research, Assessing The Activist Opportunity Type Within Merger Arbitrage (December 2024)
GA-Courtenay research, Performance Orientation in Merger Arbitrage, for Consistent, Binding Success (September 2024)
GA-Courtenay research, The Pershing Square SPARC Warrants A Closer Look (September 2024)
GA-Courtenay research, Macro Protection within a Unified Framework for Capital Allocation (May 2024)
GA-Courtenay research, A Venture Framework for the Intelligent Investor (March 2024)
GA-Courtenay research, How Far Away to Berkshire Hathaway? (September 2023)
Toby Ord, The Lindy Effect, University of Oxford (August 2023)
GA-Courtenay research, Capturing the Competitive Bidding Situation in Merger Arbitrage (August 2023)
Monopoly By The Numbers, Open Markets Institute (November 2018)
Edward Thorp, The Kelly Criterion and the Stock Market (1992)

Key Details

Fund Manager

Adrian Courtenay

Fund inception

17-Oct-19

Strategy

Absolute returns through investment in dominant, future-facing businesses concurrent with market de-correlation by deploying a positive-carry hedging structure

Structure

UCITS

Domicile

Ireland

Base currency

USD

Region focus

Global

Share classes

USD, GBP, EUR, CHF