Thematic macro hedge fund manager Autonomy Capital has launched Autonomy Stellar, a new multi-asset long-short investment fund designed to capitalise on price-based technological disruption and systemic shifts across the global economy.
The strategy, which has been internally developed since 2023, is now open to external investors for the first time and has already delivered 16% returns year-to-date, continuing its strong momentum from 2024, when it outperformed the Nasdaq by 10%.
Autonomy Stellar, co-founded by Robert Gibbins, founder and CIO of Autonomy Capital, and Tony Seba, co-founder of think tank RethinkX, aims to exploit “phase changes” — systemic transformations triggered by accelerating technological innovation. These include structural shifts in energy, transportation, IT, intelligence, food and labour systems.
The fund uses a multi-asset long-short macro approach, taking long positions in mispriced assets at the core of emerging higher-order systems while shorting those on the path to obsolescence.
“Traditional macro and siloed approaches to investment management are no longer fit for purpose in the modern world,” said Gibbins. “We are experiencing a period of unprecedented simultaneous systemic changes driven by cheaper, more capable technologies that are transforming sectors and their value chains.
As part of the launch, Tony Seba has joined Autonomy Stellar as Partner and Director of Research, bringing a deep systems-thinking perspective that underpins the fund’s investment thesis.
“We launched this fund to take advantage of the multiple phase changes occurring right now,” said Seba. “By applying our unique proven framework which captures how technology drives systemic change across sectors and value chains to a coherent investment strategy, means that Autonomy Stellar is uniquely positioned to capitalise on generational investment opportunities.”
The fund is managed under a separate mandate from Autonomy Capital, which itself has returned 17% year-to-date.
