How we work
Clear scope, clear methodology, clear deliverables. Every engagement is designed to be audited, questioned, and built upon.
Principles
These shape every engagement.
Decision-first
Outputs that change what you do next
Assumptions explicit
No hidden "magic." You see the methodology.
Operational reality
Liquidity, sizing, governance matter
Regime-aware
Backtests are diagnostics, not promises
AI-accelerated
Move fast without sacrificing depth
Process
Five phases. Clear inputs, clear outputs, clear handoffs.
Scope
Define the question, constraints, and what success looks like
Context on the decision you're facing, relevant positions, constraints
Scope memo with deliverables and timeline
Analyze
Run the models, scenarios, and backtests, AI-accelerated and human-reviewed
Holdings data, scenario priorities, any governance constraints
Preliminary findings and methodology documentation
Synthesize
Translate results into actionable recommendations with tradeoffs explicit
Feedback on preliminary findings, clarification on priorities
Draft memo with recommendations and alternatives
Deliver
Finalize deliverables: memos, specs, playbooks, or tooling
Final review and any execution preferences
Complete package ready for implementation
Support
Ongoing monitoring, drift checks, or retainer access as needed
Access to positions for monitoring (if ongoing)
Periodic updates, recalibration recommendations, decision support
How we designed a tail hedge program
A look at the process and deliverables from a completed engagement.
Objective & Budget
Defined the protection goal, annual premium budget, and monetization rules. Made the tradeoffs between cost and coverage explicit.
Strategy Variants
Tested crash puts, put spreads, ratio structures, and dynamic entry gates. Compared cost, convexity, and behavior across regimes.
Optimization
Optimized strike selection, hedge cadence, rolling rules, and monetization triggers. Documented the sensitivity to each lever.
Backtest
Ran full historical backtest across market regimes: 2008, 2020, 2022, and low-vol environments. Included transaction cost assumptions.
Playbook
Delivered rules playbook, execution playbook, and governance documentation. Clear instructions for implementation.
Monitoring
Established monitoring plan with review cadence, drift checks, and recalibration triggers. The program persists beyond the initial build.
What success looks like
Concrete outcomes from working together.
- You understand the tradeoffs in a proposed trade before committing capital.
- You have a second opinion from someone who's seen this before, with no conflicts.
- Your risk decisions are documented in artifacts you can revisit and audit.
- You know where your portfolio breaks under stress, and in what order.
- You have dashboards and tooling that answer your specific questions.
Start small. See the quality of work before committing further.
Most engagements begin with a single trade memo or structured product review. This lets you evaluate the depth and style of analysis before scoping a larger project or retainer.
If it works, we discuss what's next. A defined project sprint or ongoing retainer access. If it doesn't, you've learned something useful at low cost.
We scope before we quote. No surprises on deliverables or timeline.