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Cirilium Passive quarterly reports - Review of Q4 2025

Date: 09 February 2026

Performance review

The Cirilium Blend Portfolios delivered positive returns over the final quarter of 2025. Strong equity market performance meant that returns stepped up in line with the risk profile of each of the portfolios.

The portfolios were in line or ahead of their performance comparators, with positive alpha being driven from both tactical asset allocation decisions as well as strong manager selection impacts from our fixed income holdings.

Portfolio managers

Ian Jensen-Humphreys

Portfolio Manager

Sacha Chorley

Portfolio Manager

CJ Cowan

Portfolio Manager