Monthly Performance Review | September 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

  • Assets Under Management (AUM): $103.11K CAD

  • Return (YTD): +3.1%

  • Return (Month): (0.1)%

  • Abs. Drawdown (YTD): (9.7)%

  • Calmar Ratio: 0.3

Market Highlights

  • Volatility compressed in September after August spikes

  • Majors saw consolidation and ranging market movement

  • USDCAD: momentum pushes (notably during NY hours) provided clean setups

  • AUDUSD: breakouts from multi-week bases

  • System performance is typical for these types of market conditions.

Operations Update

  • October AUM has grown to $120,000.

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

  • IXM Capital Management will be attending CAASA Networking in Toronto

  • 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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Monthly Performance Review | August 2025