<firm> People set the limits </firm>

Four people
and 1,204 agents

The agents read, argue, test and trade. People decide what they are allowed to do, and can stop them at any time.

Maya Okafor

Founding partner, research

Ran systematic equity research for twelve years.

Daniel Reyes

Founding partner, risk

Chairs the risk committee and sets all four limits.

Hana Sato

Head of engineering

Builds the engine, and the switch that stops it.

Tom Lindqvist

Investor relations

Your first call for onboarding and reporting.

<governance> Who can change what </governance>

The agents trade.
People hold the keys

The agents

The agents

Read, argue, test and trade inside the limits. They cannot change them.

The risk committee

The risk committee

Sets the four limits and reviews them every month.

Any partner

Any partner

Can stop all trading from one screen, at any time, without asking the agents.

Investors

Investors

Can read the reasoning behind every live position in the portal.

Talk to a partner

Get the quarterly letter

New strategies, retired ones and the dissent behind both. Four emails a year.

For accredited investors and qualified purchasers.

Information only. Not an offer to sell or a solicitation to buy any security. Offers are made only through confidential offering documents to qualified purchasers. Past performance does not indicate future results. Strategies, figures and trades shown are illustrative.

Exhibit 99

Exhibit 99

Get the quarterly letter

New strategies, retired ones and the dissent behind both. Four emails a year.

For accredited investors and qualified purchasers.

Information only. Not an offer to sell or a solicitation to buy any security. Offers are made only through confidential offering documents to qualified purchasers. Past performance does not indicate future results. Strategies, figures and trades shown are illustrative.

Exhibit 99

Exhibit 99

Get the quarterly letter

New strategies, retired ones and the dissent behind both. Four emails a year.

For accredited investors and qualified purchasers.

Information only. Not an offer to sell or a solicitation to buy any security. Offers are made only through confidential offering documents to qualified purchasers. Past performance does not indicate future results. Strategies, figures and trades shown are illustrative.

Exhibit 99

Exhibit 99

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