Dunamis Asset Management

Dr. David Semmens serves as Chief Investment Officer and holds central responsibility for portfolio construction and risk allocation. He is supported by COO Philip Hull on operational and non-investment governance matters. The firm's structure keeps investment authority concentrated rather than distributed across multiple PM pods.

The firm focuses on foreign exchange, interest rates, and sovereign fixed income across G10 and select emerging market economies. It does not trade equities, corporate credit, or private assets. The mandate is deliberately narrow — liquid macro instruments with daily pricing and settlement.

Yes. In addition to a flagship commingled fund, the firm provides bespoke managed accounts that give allocators direct custody of assets and daily liquidity. This structure is central to its appeal for institutional investors who require transparency and control over their capital.

Idea generation combines fundamental macroeconomic analysis with systematic signals. The team assesses monetary policy trajectories, relative value across rate curves, and FX regime shifts, then uses quantitative models to size positions and manage drawdown risk. The process is hybrid — discretionary themes, disciplined execution.