Low double-digit returns may not typically command the spotlight. For a low-risk fixed-income macro hedge fund, however, such an outcome can represent an achievement. Excalibur Fixed Income returned 11.1 percent in 2025, nearly double its long-term return target and marking the fund’s fourth double-digit year since its launch in 2001. The result comes on the back of five consecutive years of strong performance.
Consistent with its low-risk mandate, Excalibur Fixed Income has historically targ...
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