ETATIC Capital is a special-situations fund that exploits regulatory catalysts, statutory distortions, and monetary-regime shifts.
Asset concentrations supported by explicit and implicit government backstops create inefficiencies. We exploit these policy-driven mispricings with discipline, selectivity, and a focus on capital preservation.
We target securities and sectors where regulatory changes can unlock value that market prices may not fully reflect. Our edge comes from deep fluency in regulatory processes, and how rules are written, interpreted, and enforced.
Legislative frameworks can create structural mispricings. We exploit gaps between statutory intent and market reality, where the letter of the law produces unexpected economic outcomes.
Central-bank policy shifts, reserve-currency dynamics, and global liquidity regimes create cross-asset dislocations. We position before transitions are obvious to the rest of the market.
Every position is grounded in fiscal trajectories, political-economy constraints, and institutional behavior. We use this framework to systematically convert policy-driven dislocations into alpha.
“Étatisme” is the French root of etatism, and refers to the expanding role of the State in directing economic outcomes.
Étatism is the dominant force shaping modern markets. As government intervention expands, policy choices generate patterns in pricing and behavior that can be anticipated and exploited. Etatic Capital draws upon this concept to analyze how government action shapes markets and creates mispriced opportunities.
We view markets not simply as price-discovery forums, but as information systems distorted by government action. Where some see efficient markets, we see policy-driven effects that have not yet fully been reflected in prices.
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