The Circus Fund

The Circus Fund primarily invests 70–90% of its portfolio in global equities, including both developed and emerging markets and investment trusts. It also allocates up to 25% to investment-grade bonds and cash to provide stability, and up to 20% to alternative investments like precious metals, private equity, and real estate investment trusts. Additionally, the fund can adjust its equity holdings down to 55% during times when markets are overvalued or stressed, shifting up to 45% into bonds, cash, and alternatives to help preserve the fund’s value.