Signal
We test a great many ideas and keep very few. A signal earns its place by surviving the periods that would have broken it, not the periods that flatter it.
Fulcrums, a start up boutique quantitative fund firm
Most of a market is noise.
We trade what is left.
The lever gets the credit.
The fulcrum does the *work.*
Built on the fixed point.
Fulcrums is a start up boutique quantitative fund firm. Systematic by construction, documented so you always know what you own, and open to a small number of members.
The fulcrum does the work.
Fulcrums is a start up boutique quantitative fund firm. Systematic, documented, and open to a small number of members.
About us
We are a start up boutique quantitative fund firm.
That sentence is the whole of it. A small team, systematic strategies, and a rule we do not bend: we never run anything we cannot explain on one page.
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01
Small on purpose
Capacity is a real constraint in systematic trading. We would rather cap the fund than dilute the edge that makes it worth running.
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02
Systematic by construction
Positions come from a written model, not from a morning opinion. The same inputs on the same day produce the same trade.
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03
Documented, so you know what you own
Every change to the model is dated, reasoned, and kept. You read the history instead of trusting a summary of it.
How it works
Three moving parts. Nothing hidden behind them.
Most quantitative funds describe this as a black box. We would rather describe it as three questions, answered the same way every single day.
Size
Position size is set by the model's confidence and by the risk already on the book. Conviction never overrides the sizing rule, because that is the rule that fails first.
Stop
Every position carries its exit before it is opened. Drawdown limits throttle the whole book down on their own, so nobody has to be brave on a bad morning.
A lever is only as good as the thing it rests on.
Hold it and the beam comes level. Let go early and it settles back, which is rather the point.
Transparency
You will always know what you own.
The most common reason investors walk away from a quantitative fund is that nobody can tell them what changed. Three commitments, in writing, from the day you join.
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Every model change is dated
When the model changes you get the date, the reason, and what it replaced. There are no silent revisions.
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Leverage stated as a number
A stated ceiling that we do not step over. If we ever want to move it, you hear about it before it moves.
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Risk throttles you can check
The rules that cut risk in a drawdown are written down and testable. Ask us to walk through any one of them.
Plainly
What we will not put on this page.
A new firm cannot show a ten year record, and dressing one up is how funds fail their first serious diligence. So here is the honest version.
- Stage
- Start up. Founded, funded by its partners, and building.We are early. We would rather say it here than have you discover it on a call.
- Track record
- Not yet published.It goes up when there is enough of it to mean something.
- Strategy
- Systematic, multi signal, liquid markets only.
- Structure
- Boutique, with capacity capped by design.
- Open to
- Non US investors, by invitation.
- What proves us today
- The process, in writing, and a conversation with the two people who built it.
Questions
Questions people actually ask.
Is this a black box?
The code is ours and it stays ours. Everything around it is open to you: what the model is trying to capture, what it deliberately ignores, how positions are sized, and what makes it stop. If we ever answer a question with the word proprietary and nothing else, push back on us.
You have no track record. Why would I look at this?
Because at this stage the process is the part you can actually check, and it is the part most funds are weakest on. Read the four commitments above, then ask us to walk through any one of them. If it does not hold up, you have your answer quickly and it costs you nothing.
What happens in a bad month?
You get told what happened and why, in plain words, in the same month. A quantitative fund that goes quiet during a drawdown is asking you to guess whether the strategy is broken or simply having a normal bad run. You should never have to guess.
What do you charge?
Fees are set out in full in the documents you receive before you commit anything, including the costs that sit outside the headline number. Nothing about our fees should be something you find out later.
Why do you ask whether I am a US citizen?
The fund is not offered to US persons. Asking at the start means we do not take you through a process that could never end with you investing.
How do I actually join?
Request an invite. We send you a time, we talk, and if it fits both sides you get a code that opens registration. There is no public sign up form, and that is deliberate.
Request an invite.
Twenty minutes with the two people who built it. No deck, no pressure, and you can ask anything about the model that is not the source code itself.