Macro
Liquid
Dynamic
DG Partners has been offering a discretionary macro investment strategy to a select number of clients for over 15 years.
We aim to monetise key global themes using liquid directional macro trading paired with convexity, targeting uncorrelated returns and robust downside discipline.
We combine decades of macro experience and liquid trading expertise, seeking to capture large market moves
Directional macro trading paired with convexity — expressing high-conviction themes through liquid instruments, with risk managed to target genuinely uncorrelated returns.
Experienced Macro Leadership
DG Macro is run by two PMs, each with 25+ years’ experience navigating global markets.
Specialised Rates and FX expertise fuels focused, high-conviction calls creating the potential for a consistent, repeatable macro edge.
Liquid, Risk-Controlled Implementation
Views are expressed exclusively through a liquid, capital efficient toolkit.
Our structure supports rapid repositioning to shifting market dynamics, preserving capital through volatility and maintaining rigorous downside discipline.
Convexity When It Matters
Our strategy has consistently delivered a convex return profile.
Rigorous risk management paired with the goal of meaningful capture of macro dislocations.
Our
Portfolio
Managers
Ashely Dodd-Noble
Deputy Chief Investment Officer
View Bio
Ashely Dodd-Noble
Deputy Chief Investment Officer
View Less
Ashley joined DG Partners as deputy CIO and Portfolio Manager in May 2023, having previously worked at the firm for over a decade. Prior to rejoining DG Partners, Ashley was a Portfolio Manager at Autonomy Capital from 2019-2023, running an Emerging and Developed Market macro portfolio. Before joining DG Partners, he worked at BNP Paribas in a number of roles, including the Emerging Market Proprietary Trading group and as head of the Central and Eastern Europe Research and Strategy team. He has a BA in Economics and M.Phil Economics from Cambridge University.
David Gorton
CEO
View Bio
David Gorton
CEO
View Less
David has over 30 years of trading experience, beginning his career in 1986 at Chemical Bank as a market maker in bonds and forward rate agreements. He joined HSBC in 1989, becoming Executive VP and Chief Dealer in the US where he was responsible for all interest rate derivative trading, balance sheet management and proprietary trading in government bonds.
In 1997, David moved to Chase Manhattan as CIO of Chase London Diversified Fund and Head of Proprietary Trading for the European Rates division. He left JP Morgan Chase in 2002 to establish DG Partners.
How we do business
Research
The art and science behind
our approach
DG Macro Investor Letter Q2 2026
DG Macro Investor Letter Q1 2026
