Bulletproof Growth Fund Page

Bulletproof Growth Fund

The Golden Horse Bulletproof Growth Fund aims to capture uncorrelated returns to major markets, targeting high single digit returns with low volatility. The fund is anchored by a robust proprietary quantitative model that adopts an income generating strategy to option premium collection. There are low directional risks as the delta/gamma exposures are hedged out using other instruments. It is ideal for investors’ portfolio diversification due to its low correlation to major equity, bond and commodity markets.

Asset Class Exposure

The chart is a rough indication of minimum and maximum allocation levels. The allocation proportions are dynamic and change according to market conditions.

Key Statistics

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Targeted Returns

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Targeted Volatility

Sharpe Ratio

Sortino Ratio

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Beta (Relative to S&P 500)

Statistics are calculated using figures since January 2023 and subsequently annualized (as at June 2025). More detailed performance figures available upon request.

Key Pillars of Our Approach

Robust Proprietary Model

The quantitative model identifies opportunities based on historical price-volatility matrix, option chain and pattern matching techniques. We find the best strikes to sell to maximise risk-reward ratios; sell overpriced puts and calls based on the belief that options will likely expire out of money.

Market-Neutral Strategy

Our investment approach is designed to minimise directional exposure so the Fund delivers stable performance in all market conditions. As such, our correlation to major market indices is very low (almost zero beta to S&P 500, MSCI World, Bloomberg Global Bond and Bloomberg Commodity Index).

Strong Risk Management

We diversify positions across different strike prices and time to expiry. We keep the portfolio delta near zero and hedge positions as required. We simulate the drawdowns on scenario analysis and stress testing; closing out positions when stop limits are hit.