Independent · Objective · Honest
Cut through the noise.
Focus on the signal.
Perry Capital manages concentrated global macro portfolios for family offices and serious private capital. The objective is simple: beat the S&P 500 every year, with less risk.
+154% since inception · S&P 500 +90.60% over the same period*
Trusted for decades by leaders at Cboe, Julius Baer, Credit Suisse, and CIBC.
- Registration
- SEC-registered investment adviser
- Experience
- 35 years advising institutions
- Offices
- Miami Beach & Chicago
- Prior desks
- PGIM · HSBC · Arbor Research
Investors need independent, objective, truthful facts to make good investment decisions. That is the founding principle of this firm.
The discipline is probabilistic and unemotional. Perry Capital separates the narrative from the facts and the rumors from reality. The popular market story is designed to get a reaction from you. The data is not.
When you work with Perry Capital, you will always know where the risk is.
The record
The objective is simple. Beat the S&P 500 every year, with less risk. Remarkably few firms actually do it, including hedge funds. Fewer than 5%.**
The approach is different because the background is different. Jim traded Treasury bonds for the first eight years of his career, in New York, London, and Tokyo. He is an interest rate guy. He looks at global liquidity first, because interest rates drive everything.
The portfolio stays simple. Few line items. Concentrated sector bets, mostly within the 11 S&P 500 sectors. As of July 2026: overweight technology, industrials, and consumer discretionary. Short real estate, health care, and consumer staples.†
“If you know what I own, you know what I think.”
*Performance figures are provided by the adviser and are unaudited. Whether returns are shown gross or net of fees must be confirmed and disclosed before publication. Inception date and audited results are pending verification for this page. Past performance does not guarantee future results. †Positioning as of July 2026 and subject to change. **Statistic pending substantiation prior to publication.
Watch Jim: Introduction to Perry Capital
YouTube · 82 market videos and counting
James L. Perry
Founder & Chief Investment Officer
Jim Perry has spent 35 years advising institutional investors, professional traders, and ultra-high-net-worth portfolio managers on global macro and interest rates, domestically and internationally. He started on a trading floor. He calls himself an interest rate guy.
Today he runs Perry Capital from Miami Beach and splits his time with Chicago, with clients in Europe, Asia, the Middle East, and across the United States.
“Trust, honesty, and integrity are the firm’s guiding values. Uncompromising independence and a healthy skepticism of market narrative drive the analysis, strategy, and portfolio guidance of Perry International Capital Partners.”
- Prior
- Senior positions, PGIM and HSBC
- Postings
- New York, London, Tokyo, Hong Kong
- Formerly
- Managing Partner, Arbor Research & Trading, Chicago
- Firm
- SEC-registered investment adviser, Miami Beach & Chicago
What the firm does
Market Intelligence
Global currencies, interest rates, and geopolitics move every valuation in your portfolio. Perry Capital reads how those forces interact and when their timing matters. The FX market gets it first. The bond market gets it second. Equity investors get it third.
Managing Risk
Risk gets assessed the same way every time: probabilities, not feelings. If you make investment decisions based on emotion, most of the time you will be wrong.
Portfolio Management
The decision process runs every day and follows the same rules every day. Theory tested by decades of free-market competition. Few line items, held with conviction.
Wealth Preservation
The job is to keep you out of bad trades and protect you from catastrophic loss. You will know which components of an investment can hurt you and how to mitigate that risk. You will always know where the risk is.
The research engine
The research drives the asset management. It is the same engine.
Professional fund managers in Europe, Asia, and the United States subscribe to Perry Capital research. Every piece answers four questions: what is going on, what does it mean, why should you care, and what should you do about it.
What clients say
“Jim’s wise, deeply technical, and fiercely independent counsel has provided me and my team incredible insight into the global markets. Jim is not afraid to speak his mind and challenge the popular market narrative, which is exactly why his recommendations and advice have been so valuable for so many years.”
“Jim and I have been discussing markets for more than a couple of decades, and he has always been extremely valuable in helping us understand the dynamics of US capital markets and monetary trends. His network encompasses some of the best and largest fixed-income players, including treasurers, market makers, and buy-side managers. His ability to unlock the keys to current market forces and his transversal perspective on things is truly one of a kind.”
“Jim and I have been discussing markets and politics for more than a decade. His insights into what is really going on over the pond are extremely helpful and explain not only what is relevant in New York, but across the country. His independence allows him to state views that you won’t find in standardized research publications from big banks. A big thank you also for his weekly summaries, which sum up the relevant events on a few pages in combination with instructive charts.”
“Jim Perry provides a true US perspective, invaluable for a European institutional investor. Building the narrative by analyzing ‘the market’ and ‘reality,’ Jim has the experience and deep understanding of when and where they differ, creating a truly actionable base.”
“Jim is an independent thinker who provides useful advice and insights to his clients. He helped for more than 20 years with sound recommendations and was always honest in his dealings.”
“Outstanding Independent Market, Economic, Geo-political, and US-Political advisor! I have used his advice since 1995!”
[Placeholder for SEC Marketing Rule disclosures: whether each person quoted is a current client, whether any compensation was provided for the testimonial, and any material conflicts of interest. Confirm with compliance counsel before publication.]
Common questions
What is the minimum relationship size?
$1 million.
What are the fees?
About 1% administrative and about 20% of returns above the S&P 500. No performance above the benchmark, no performance fee.
Who holds the assets?
You do. Assets stay in your own account at a qualified custodian, titled in your name. Perry Capital operates under a limited power of attorney with discretionary trading authority: Jim can place trades in the account and nothing else. He cannot withdraw funds, move money, or change account ownership, and the custodian reports every position and transaction to you directly.
How is the portfolio invested?
Concentrated sector positions, mostly within the 11 S&P 500 sectors, driven by global liquidity research. Few line items. Clients see the full portfolio in every strategy report.
What happens after I reach out?
A 30-minute conversation with Jim, a review of where your risk sits, and a written view on what he would change. No obligation at any step.
Re-think your strategy.
Catch the wave.
A 30-minute conversation with Jim. Not an associate, not a pitch deck, no obligation. Bring your current allocation and he will tell you where the risk is.
If Perry Capital is not the right fit for what you are managing, Jim will tell you that too.
Currently accepting a limited number of new client relationships.
- [email protected]
- Phone
- +1 847-668-1560
- Office
- 90 Alton Road
Miami Beach, FL 33139
You know where to find me.