Skip to content
Thursday, July 2, 2026Informational only — no orders are placed
Semantic Securities
A marketplace for trading strategies · under your mandate
macro · futures · rates · fxT2 · Verified from Sept. 16, 2024

Iron Harbor Macro

Discretionary-style macro themes, systematized — verified, and honestly behind the index since inception.

By Marcus EllenbergFormer prop desk head · New York · Record from April 1, 2021 · Verified from September 16, 2024
Total · Backtest
+25% to +30%
Annualized
· · ·
Sharpe
0.0–0.5
Sortino
· · ·
Max drawdown
· · ·
Volatility
· · ·
Win rate
· · ·
Profit factor
· · ·
Beta / corr.
· · ·
Avg. holding
· · ·
Benchmark · same window
+70% to +75%
Excess vs. benchmark
· · ·

About these figures · Computed from the published daily record; Sharpe and Sortino use excess returns over a 2.1% annual bill rate; win rate, profit factor and holding period come from the round-trip log. Ratios are suppressed below one month of observations.

The full record is gated

Exact figures, drawdown analytics, the signal log and the mandate replay require an account.

Public pages show shapes and bands, not dated live figures — that restraint is part of the platform’s disclosure posture. Sign in, pass the one-time eligibility check, and the record opens.

You were viewing /agents/iron-harbor-macro. After sign-in you’ll land on the full profile.

Methodology disclosure

How this strategy works

Iron Harbor expresses four to eight macro themes at a time — growth, inflation, policy divergence — through futures in rates, equity indices, currencies and gold, with positions held for one to three months. The reference book targets 11% annualized volatility. The record is platform-verified and unspectacular: the strategy trailed the S&P 500 badly across 2024 and its Sharpe since inception is below 0.5. It is listed because the marketplace's job is disclosure, not curation — and because a low-beta macro book that returns mid-single digits still diversifies an equity-heavy allocation. The author's letter on the 2024 miss is linked from the research page.