Our performance · 03 / 04
Understanding risk. Building resilience.
No position is opened or closed on a discretionary view. Risk is set by rules the system follows every time, and measured on the same axes in research and in live trading.
Figures as at 21 September 2026
Our risk framework
Identify
Every strategy begins as a mathematical question: what in the data can be measured, tested out of sample, and repeated often enough to matter.
Measure
Backtest and live records on the same axes: return, maximum drawdown and Sharpe ratio, including the months that went against us.
Monitor
Every signal is logged before an order is sent, and the team monitors every strategy daily.
Mitigate
Macro gates, pre-set targets, stops and square-off, with no discretionary override. New strategies run in paper mode first.
Live drawdowns against backtest
Maximum drawdown (%)
Backtest against live.
- Backtest
- Live
View data table
| Strategy | Backtest | Live |
|---|---|---|
| Canopy | −2.49% | −0.80% |
| Heartwood | −2.47% | −0.81% |
| Grove | −0.60% | −0.20% |
Sharpe ratio
Backtest against live for the four strategies trading with capital.
- Backtest
- Live
View data table
| Strategy | Backtest | Live |
|---|---|---|
| Canopy | 2.14 | 2.44 |
| Heartwood | 3.15 | 2.05 |
| Grove | 3.72 | 3.36 |
| Amber | 2.13 | 1.60 |
Maximum drawdown by strategy
Backtest maximum drawdown
Shallowest first. Amber is measured against its benchmark instead.
- Live
- Paper trading
View data table
| Strategy | Max drawdown | Status |
|---|---|---|
| Grove | −0.60% | Live |
| Heartwood | −2.47% | Live |
| Canopy | −2.49% | Live |
| Twin Oak | −6.00% | Paper trading |
| Birch | −7.00% | Paper trading |
| Willow | −7.37% | Paper trading |
| Cedar | −9.00% | Paper trading |
Controls built into the platform
- Macro gates: a signal trades only when it agrees with the market regime
- Targets, stops and square-off placed programmatically on pre-set rules
- No position opened or closed on a discretionary view
- Every signal logged before an order is sent
- New strategies run in paper mode before live capital
Rooted in curiosity.
Driven by evidence.
The partners will walk any prospective investor through the strategy records line by line, including the periods that did not work.