Bottleneck detection.
Agents trace flow through liquidity, settlement, and information chokepoints — and trade the side that has to clear first.
A multi-agent AI partner
to thesis-driven
investment.
An agentic multistrategy fund.
Specialists, not generalists. Live, every day.
Launch app
Read the paper
Engineered for every regime.
- Uptime
- 99.98%
- Decisions / s
- 3.2k
- Median latency
- <5 ms
- Strategies live
- 7
System telemetry — live
24/7
Continuous operation
The desk never sleeps.
∞
Specialized teams
Specialists, not generalists.
3.2k/s
Decision cadence
Decisions per second across the fleet.
<5 ms
Median latency
Orders reach venues before the window moves.
Live engineering telemetry · Fund-level disclosures to qualified investors only
Where the system specializes
Four expertise areas,
Four expertise areas,
one fleet.
Specialist teams hunt different inefficiencies. Each runs its own book, its own data, its own invalidation — and trades only where its edge is measured.
Rising-market discovery.
Specialists surface regimes and venues gaining structural momentum before the consensus tape catches up — staged in early, sized as breadth confirms.
Regime-shift detection.
Each agent watches its own regime signature. When the underlying state changes, exposure rebalances and stale theses are retired before they decay.
Cross-venue dislocation.
When the same risk prices differently across venues, the fleet captures the spread until liquidity reconciles — micro-mispricings, monitored continuously.
The live system
Always on.
Always on.
Always learning.
Strategy at the surface; specialist teams nested beneath, each sandboxed and auditable end-to-end. Layers are promoted, retired, and reweighted as regimes shift.
Agent network · 24h cycle
Limitless specialist teams / layered execution
LIVE
arb-α
arbitrage
research · signal · exec · risk
mom-β
momentum
research · signal · exec · risk
Δ-γ
delta-neutral
research · signal · exec · risk
vol-δ
volatility
research · signal · exec · risk
+ ∞
spawning · regime-driven
new teams promoted as regimes emerge · decayed teams retired
Every decision leaves a trace.
Every trace becomes research.
Investment performance
Returns are reported
Returns are reported
separately from telemetry.
The system telemetry above measures infrastructure. Allocator reporting separates paper research from any live co-fund track, with no simulated figure labeled as live.
Live track
Pending
First full-month report required before publishing returns.
Paper track
Labeled
Backtests and replays are marked as research, not live P&L.
Benchmarks
3-way
BTC, 60/40, and macro hedge-fund reference set.
Metric
Live co-fund
Paper research
Net return since inception
Published after first complete live month
Included in sample memo and deck appendix
Rolling Sharpe
N/A until 90 trading days
Deflated Sharpe required for promotion
Max drawdown
Reported daily once live
Shown by regime and strategy sleeve
Hit rate / holding period
Reported with realized trade book
Separated by arbitrage, momentum, vol, and event
Benchmark comparison
BTC, 60/40, HFRI Macro reference
Same benchmark set, same dates
No audited performance is implied on this page. Co-fund reporting is subject to final fund documents, administrator process, and applicable law.
How the co-fund works
Two doors.
Two doors.
Research now, access by review.
Status: the research subscription is live. Co-fund access is via waitlist and intended for accredited or qualified investors only, subject to final documents.
Legal wrapper
Private vehicle or co-investment structure; final wrapper disclosed in deck and subscription documents.
Minimums
Allocator waitlist by review. Minimum capital and eligibility are not accepted until documents are final.
Liquidity
Lockup and redemption terms will be strategy-capacity dependent and stated before any commitment.
Fees
Research tiers are fixed price. Co-fund fee terms are disclosed privately and may differ by vehicle.
Custody
Research is self-custodial. Any managed vehicle will specify custody, admin, and control policy in final docs.
Jurisdiction
Access depends on investor status, jurisdiction, and counsel-approved offering process.
Institutional-grade thesis
The memo is an output
The memo is an output
of a review system.
Thesis taxonomy
Macro liquidity, cross-asset flows, volatility structure, event catalysts, and venue microstructure are tagged before a trade can graduate.
Evidence standards
Minimum sample size, out-of-sample window, Deflated Sharpe, drawdown path, and capacity estimate are reviewed together.
Agent peer review
Specialist agents challenge entry logic, sizing, invalidation, risk-off triggers, and correlation to active sleeves.
Post-mortem loop
Closed trades are graded on thesis quality, execution, slippage, missed invalidation, and regime classification.
Redacted sample memo
ETH vol compression into macro liquidity window
Includes thesis tree, evidence table, sizing ladder, invalidation level, risk-off triggers, and data appendix. The conclusion is redacted on-page; unlock the sample memo by email.
Excerpt
Setup: implied volatility has compressed while realized breadth and spot liquidity diverge across venues.
Evidence: 312-event sample, 4-year replay, 18-month out-of-sample window, capacity haircut applied.
Invalidation: regime breaks if funding flips negative across top venues for two consecutive sessions.
Conclusion: position sleeve, sizing ladder, and execution window redacted for subscribers.
Thesis of the week
Liquidity impulse vs. vol compression
Dated May 20, 2026 · Redacted
Regime call
Liquidity improving, realized vol lagging, positioning crowded only in majors.
Sizing logic
Start small, scale only after breadth confirmation, cap sleeve correlation.
Invalidation
Risk-off if liquidity proxy rolls over or vol term structure steepens.
Subscriber-only conclusion: target sleeves, instruments, position cap, expected holding period, and stop/review levels.
Research desk deliverables
Subscribe to the
Subscribe to the
allocator memo stream.
- check_circleWeekly thesis memo, 8-12 pages
- check_circleLive position rationales with sizing and invalidation
- check_circleMonthly regime letter and risk-off trigger map
- check_circleDrawdown post-mortems on closed trades
- check_circleBacktest notebooks and data appendix where available
Risk and provenance
Built for review
Built for review
before capital.
Risk framework
VaR/ES limits, gross and net caps, per-strategy isolation, kill switches, venue concentration limits, and model-failure review.
Disclosures
This page is not an offer to sell securities or investment advice. Any managed access requires final documents and eligibility review.
Controls
Human supervision remains in the loop for capital allocation policy, strategy promotion, drawdown review, and emergency disablement.
Stack
BaseQuickNodeFinnhubNansenDuneHyperliquidGeminiClaude
FAQ
Specific answers.
Is this a fund or a newsletter?
The public checkout is a paid research subscription. Co-fund access is separate, gated, and subject to investor eligibility and final documents.
Are you regulated?
Any managed vehicle or advisory relationship will be offered only through the appropriate legal process. This page does not itself create an advisory relationship.
Can I cancel?
Research subscriptions run through the paid period. Monthly subscribers can stop renewing; annual access runs through the annual term.
What chains and custody?
Research payments currently use USDC on Base. Co-fund custody and control policy will be stated in final fund documents before any capital is accepted.
Who is the AI, and who supervises it?
Specialist agents generate research, signal, risk, and execution proposals. Human operators supervise capital policy, risk limits, emergency controls, and external reporting.
What happens in a model failure?
Each sleeve is isolated. Model failures trigger kill-switch review, position freeze or reduction, incident post-mortem, and demotion until the failed path passes review again.
Step inside
See the strategy
See the strategy
in action.
Choose the path that fits your mandate: inspect the app, subscribe to the research stream, or request allocator materials for co-fund review.