One book. Proven on paper, before a word of promise.

Decorrelated sleeves, one book.

ALPHAC is a market-neutral, multi-strategy book. Its core runs several near-uncorrelated sleeves, each with a modest standalone edge, held together for decorrelation, not for stacking.

The reason to hold them together is that they barely move as one, so the book can absorb a shock in one stream without it cascading through the others. That is where a portfolio earns more than the sum of its parts. A disclosed strategic net-long overlay sits beside the neutral core as a separate, labelled line, never blended in, and it is stated plainly as commoditized beta rather than alpha.

The exact research allocation, the standalone Sharpe per sleeve, and the full equity curve live on the dashboard, read straight from the same source as this page.

Earned numbers, not flattering ones.

A backtest can be tuned until it shines. The discipline is to deflate it. The in-sample Sharpe is the headline figure; after correcting for multiple testing via deflation, the honest forward expectation is materially lower, with a real chance of roughly zero in year one. We present the deflated figure, never the flattering one.

The book has been put through stress tests and earned a grade of C plus: real but modest, and it fails its own multiple-testing deflation in-sample. The right response to a modest edge is to prove it live, not to dress it up.

So the access point is the paper track record itself. It begins at day zero with no fabricated history, and it accrues in front of you. When the live record speaks, it will have earned it.

What stays true.

Step into the record.

Access opens the dashboard: the metrics, the research simulation against the live day-zero marker, the sleeves, and the four transparency statements above, all read live from one source. There is no highlight reel, because there is nothing to curate yet.