Research publications, market analysis, and strategy insights from the Divitae Assets quantitative research team.
The Fed’s hawkish June pivot repriced everything at once. Two of the three active strategies finished June positive, led by KRONOS against a −21% Bitcoin tape; HERMES was suspended by its portfolio-level risk stop. The month in plain terms, with the full report inside.
Read the overviewThe hawkish Fed pivot split the book: KRONOS +3.71% against a −21% Bitcoin tape, ARES positive, ZEUS contained — and HERMES suspended by its 30% portfolio-level risk stop.
Read articleSeveral strategies, including ARES, are in elevated drawdown. Most of it is unrealized, risk limits remain in force, and targeted adjustments roll out before end of June.
Read articleA drawdown that built from late January reached the Hermes strategy’s 30% maximum-loss threshold. All positions closed, a seven-day review begins — what happened, why, and what comes next.
Read articleStagflationary US data repriced the Fed and all four strategies finished May modestly lower — the month's macro backdrop and what it meant, with links to the full report.
Read articleThe April market backdrop and the performance of all four strategies, now backed by an independent Q1 2026 audit — with links to the full market report.
Read articleFrom phone-traded blocks to reinforcement-learning execution: how three decades of microstructure change reshaped the way institutional capital actually moves.
Read articleTrue diversification goes beyond holding many assets. Understanding correlation dynamics — and how they shift under stress — is where decorrelated portfolios are actually built.
Read articleThe $7.5 trillion daily forex market offers unique opportunities — and unique frictions. We unpack how microstructure shapes signal alpha at institutional size.
Read articleBacktesting is the foundation of strategy development — and the easiest place to deceive yourself. A practical guide to bias-resistant simulation infrastructure.
Read articleBeyond price and volume: how satellite imagery, shipping data, and NLP-derived sentiment are folding into institutional decision-making — and where they fall short.
Read articleEffective risk management is not about avoiding risk — it is about pricing it, budgeting it, and predicting it before it appears in P&L.
Read articleMachine learning has moved from academic curiosity to production-grade infrastructure. Where ML earns its keep — and where classical methods still win.
Read articleTraditional portfolio optimisation focuses on a single metric. Pareto-frontier search optimises return, variance, and correlation simultaneously — a primer on NSGA-II.
Read articleA comprehensive introduction to systematic, model-driven trading for institutional investors — from signal generation to execution and risk supervision.
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