September 2025 Results: Resilience and Performance in a Volatile Market Environment
“Wake me up when September ends…” sang Green Day.
For many investors, September 2025 was indeed a month they would have preferred to skip.
Global financial markets experienced exceptional turbulence, elevated uncertainty, and volatility at historically high levels.
Gold continued its strong upward trajectory, while geopolitical and macroeconomic developments kept investor sentiment fragile throughout the month.
Despite these challenging conditions, our strategies delivered solid positive performance, confirming that discipline, diversification, and a structured risk-based approach can transform uncertainty into opportunity.
Market Context: A Month Defined by Volatility
September unfolded against a backdrop of persistent geopolitical tension, macroeconomic realignment, and heightened sensitivity to policy signals.
In such an environment, markets often reward resilience rather than speculation. Short-term reactions can amplify volatility, while structured strategies focused on risk control tend to demonstrate greater stability.
Forex Fund Performance – Aggressive Level
Even in this highly unstable context, the Forex Fund (Aggressive Level) closed the month with positive results:
- September 2025: +2.30%
- Year-to-date (January–September 2025): +28.16%
- Cumulative since inception (April 2024): +58.21%
Since the beginning of August 2025, the strategy has been managed with a more cautious and prudent approach, reflecting the exceptionally high volatility observed across markets.
This adjustment highlights the importance of flexibility within a disciplined framework, allowing portfolios to adapt while maintaining clear risk controls.
Real Estate Fund Performance
The Real Estate Fund also continued to deliver steady growth during September:
- September 2025: +0.45%
- Year-to-date (January–September 2025): +6.44%
- Cumulative since inception (April 2024): +12.64%
While summer months typically represent a slowdown for the real estate sector, activity traditionally resumes with the arrival of autumn.
Growth continues to be supported by sustained demand for tangible assets, particularly from investors seeking stability amid broader market uncertainty.
Physical Gold Allocation
Gold remained a central component of portfolio protection strategies throughout September.
- Purchased in September: 1.6 kg
- Total gold in custody: 11.6 kg
- Market value as of 30/09/2025: €1,228,440 (€105.90 per gram)
The increase in demand is consistent with investors’ continued search for protection, reinforced by the strengthening of the spot gold price.
In periods of elevated uncertainty, physical gold continues to fulfill its role as a strategic store of value.
Transparency and Reporting
Detailed performance reports are available at the following link:
Active clients can find comprehensive data for all managed financial instruments in the private area, under the RESULTS section.
Final Considerations
September 2025 reinforces a key lesson: in times of heightened uncertainty, resilient strategies grounded in diversification and risk discipline make the difference.
While markets remain unpredictable, structured investment approaches continue to demonstrate their ability not only to withstand volatility, but to convert it into sustainable performance.
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