Monthly Performance Review | August 2025

Written By mk

System and Performance Overview

  • System Name: Cardinal System

  • Strategy: Quantitative Global Macro (FX-focused)

  • Inception Date: February 2025

  • Base Currency: CAD

  • AUM: 103.8K CAD

  • Return (YTD): +3.8%

  • Return (Month): +2.2%

  • Abs. Drawdown (YTD): (9.67)%

  • Calmar Ratio: 0.57

August saw heightened volatility in USDJPY following BOJ comments, while EURUSD and GBPUSD traded within narrow ranges. IXM’s systems benefited from trending opportunities in AUDUSD and momentum breakdowns in USDCAD, contributing to a positive monthly return.

Operations Update

  • AUM expected to scale by +100% to 200K by 2026.

  • IXM Capital Management continues to see traction in the Ottawa network

  • Investors showing growing interest in the Alternative Quant space.

  • Continued investor outreach in Toronto and Ottawa networks.

  • Preparing for regulatory filing and scaling infrastructure for 2026 Jan

mk
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