How we report what we have done, and what we have not.
Live performance numbers, drawdown profiles, and full statements are shared on request under NDA with qualified prospective investors. The case studies below illustrate how individual client mandates have been structured and managed.
A six-year live algorithmic track record.
Headline figures across the firm. Detailed performance attribution, monthly returns, and risk statistics are available to qualified prospective clients on request.
Capital traded
Across all managed accounts since the firm's founding in 2013.
Live algo since 2019
Continuous out-of-sample performance under real market conditions.
Client countries
From the UK and EU to the Gulf, East Africa, and Southeast Asia.
Performance fee
The only fee we charge. No management fee. High-water mark applies.
If we are not willing to show you the drawdowns, you should not invest with us.
Performance reporting in our industry is too often a marketing exercise. We do not believe in cherry-picked windows or simulated charts dressed up as track records. Here is what we share, and how.
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Live, not back-testedEvery performance figure we share is from live capital, not simulation.
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Full period, not best windowWe report from inception, not the best 12-month slice.
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Drawdowns visibleMaximum drawdown and recovery time are reported alongside every return figure.
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Net of feesReturns shared with prospects are net of our 20% performance fee.
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Broker statements availableOn request and under NDA, we provide third-party broker statements for verification.
How individual mandates have been built and managed.
Names and identifying details have been anonymised. Specific performance figures have been omitted from this public page; verified statements are available under NDA.
Diversifying away from public equity beta.
The brief
A UK-based family office wanted exposure to digital-asset returns that did not correlate to their already-heavy equity book, but without taking on the operational complexity of running their own trading desk.
How we structured it
The mandate was sized at 4% of total liquid assets, well within the family's risk budget. We agreed an 18% hard stop on the managed account, with quarterly reviews to discuss whether to add or reduce.
What we did differently
Standard onboarding includes a 30-day "shadow" period where we report what trades the algorithm would have taken without actually executing. The family used this to validate fit before going live with capital.
Replacing a discretionary crypto broker with a systematic approach.
The brief
An entrepreneur who had been trading crypto on his own account for six years wanted to move from discretionary to systematic execution after concluding his own emotions were costing him more than the markets.
How we structured it
The full account was transferred under our trading authority at his existing broker. A conservative 12% stop level was set, with a clear understanding that lower volatility means lower expected returns.
The result
The client has reported that the most valuable outcome is psychological, he no longer checks the markets at midnight. Whether or not the returns are higher than his discretionary trading, the lifestyle change has been worth the fee in his words.
Adding non-correlated return streams to a credit-heavy portfolio.
The brief
A regional credit fund manager wanted to deploy a portion of treasury cash into a strategy uncorrelated to credit spreads, with strict downside controls.
How we structured it
The Balanced Allocation programme was chosen for its lower volatility profile. The 10% stop level reflected the client's preference for capital preservation over upside capture. Quarterly reviews are attended by both our portfolio manager and chief risk officer.
What we did differently
We agreed to a custom monthly reporting pack that integrated with the institution's existing risk system. This added a small operational cost on our side; it materially improved the client's ability to monitor the allocation.
A "shadow" allocation to test the manager before scaling.
The brief
A Singapore-based investor wanted to evaluate us with a small starter account before committing meaningful capital, a sensible approach we encouraged.
How we structured it
An $80K account ran live for nine months under standard terms. After two full quarters of reporting and one experienced drawdown-and-recovery cycle, the client scaled the mandate to $750K.
Why we share this
We routinely recommend prospective clients start small. A new manager relationship deserves a calibration period; that benefits the client more than us.
Every figure we share can be checked.
Under NDA with qualified prospective clients, we provide third-party broker statements that independently verify our headline performance numbers. We will also introduce you to existing clients who have agreed to be references.
If a manager you are evaluating cannot or will not do these two things, that is information you should act on.
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Third-party broker statementsShared under NDA with qualified prospects.
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Existing-client referencesUp to three current clients available for direct conversation.
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Independent audit on requestFor institutional mandates above $1M, we will arrange a third-party performance audit.
Request our verified performance pack.
Sent under NDA to qualified prospective clients within one business day. Includes monthly returns, drawdown table, broker-statement excerpts, and the full risk methodology.