Unhedged

The firm removes structural long equity beta entirely. Unhedged rotates capital across equities, bonds, commodities, and currencies based on trend-following and mean-reversion models. It can hold 100% cash when signals are weak. A standard equity fund remains fully invested regardless of market direction.

Yes. The ETF trades on the ASX under ticker UNHG with daily liquidity. That means any institutional or retail brokerage account can execute. There is no separate institutional share class, but the structure's liquidity and transparency meet many institutional operational requirements.

Peter Bakker is Unhedged's founder and portfolio manager. His experience includes quantitative research and systematic macro roles. Bakker developed the underlying models that now drive the ETF's allocation signals, acting as the sole decision-maker for the strategy's execution.

The model explicitly targets drawdown mitigation by reducing or eliminating exposure when trend signals deteriorate. Cash becomes a deliberate, active position—not a residual. This construction intends to produce an equity-like return stream with significantly lower maximum drawdowns compared to holding the ASX 200 or S&P 500 outright.

The Active ETF carries a management fee rather than a hedge-fund-style performance allocation. This fee structure aligns with the ETF wrapper, keeping costs transparent and avoiding the high-water-mark complexities common in absolute-return hedge funds.