The Firm
A small desk on top of a large software stack.
The firm runs a small trading team on top of a large software stack. That combination covers more instruments and more regimes than a conventional desk of the same headcount.
Positions are sized against the firm's risk framework before they become orders. A trader sets the mandate, defines the boundaries, and reads the log. Capital the firm cannot deploy to that standard sits idle.
Strategies
Two mandates, run with the same discipline.
01
Equities
Long and short positions in public companies. Candidates come from the firm's own research on fundamental and market data; positions are sized against long-horizon return distributions and the firm's risk framework.
02
Commodities
Directional and relative-value exposure across energy, metals, and agriculture. The firm reads inventories, term structure, and cash-market flow, and takes exposure through the most liquid instrument in the chain.
Principles
How the firm behaves.
Capital preservation
Return of capital is the first consideration. Return on capital follows from it, not the other way around.
Independence
The firm trades only its own capital. Every position is chosen without the pressure of outside investors, quarterly reporting, or a benchmark to beat.
Long horizon
The firm compounds over decades. Short-term performance is an output of the process.