Research from former allocators.
Quantitative and qualitative work on alternative managers, factor analysis, market structure, and accessing Japan’s institutional market — written by the team that vets every fund on the platform.
Decomposing Hedge Fund Alpha: What Survives Factor Adjustment
We strip equity beta, rate duration, credit, and style factors from a universe of long/short managers to isolate what is genuinely idiosyncratic skill.
The Anatomy of a Robust Due Diligence Process
Track record, team continuity, process repeatability, operational stability, and alignment — the framework we apply before any manager enters the universe.
Market StructureWhat 13F Filings Do and Don’t Tell You About Positioning
Quarterly long-only disclosures with a 45-day lag are a powerful but partial lens. We map the blind spots — shorts, derivatives, and timing.
Japan & AllocatorsHow Japanese Institutional Capital Actually Moves
Decision timelines, consensus-building, and reporting expectations that shape allocation to global alternative managers from Tokyo.
QuantitativeDrawdown, Recovery, and the Limits of the Sharpe Ratio
Why path matters as much as average return, and how downside-aware measures change the ranking of managers.
Manager ResearchReading Insider Transactions as a Conviction Signal
Aggregating Form 4 activity across corporate insiders and policymakers — what clusters of buying have historically preceded.
Market StructureCrowding and Capacity in Systematic Strategies
When too much capital chases the same factors, returns compress. Signs a strategy is approaching its capacity ceiling.
Japan & AllocatorsBuilding Custom Benchmarks for Mandate-Specific Evaluation
Generic indices rarely reflect a real mandate. Constructing blends that measure managers against what actually matters.
New research is published regularly. Platform members receive it first — request access.