The Practice
On scale · p. 03A research-driven trading firm is, in our model, a discipline whose limit is set by its method, not its size.
In markets rich with narrative, what carries a strategy is the rigor of its method, not the headcount that runs it. Our ambition is institutional-scale cross-asset allocation across the cross-asset majors, run as a single-PM practice and held to the same discipline at any size.
The firm is young by the calendar and deliberate by temperament. What is being compounded now is not capital. It is the research that will deserve it.