Source: the firm’s investor schedule and live trading dashboard, as at 21 September 2026. Figures are gross and cumulative since inception unless stated otherwise.

Live

Four of the firm’s eight systematic strategies trade with capital: Canopy and Heartwood in index options, Amber in gold through GOLDBEES, and Grove in market-neutral statistical arbitrage. Each carries a live record alongside its full-year backtest.

Tracking the research

Over live periods of three to four months in 2026, annualised for comparison, Canopy’s live return is within 0.1pp of its backtest and Grove’s within 0.5pp, each on about a third of the backtested drawdown. Heartwood has run 4.9pp below its backtest while its win rate improved from 87% to 88.6%. Amber has run 8.84pp ahead of its benchmark, GOLDBEES.

Next

Twin Oak, Willow, Cedar and Birch are in paper trading. Each joins the published live record once its paper-trading period completes, in the same format.