True North Quant · Investment methodology

Independent research.
Explicit risk.
Concentrated decisions.

We combine market behavior, business evidence, and regime context. Independent review turns that research into accountable portfolio decisions.

Market behavior
Business evidence
Regime context
Underwritten viewEvidence before exposure
Systematic sourcingIndependent reviewExplicit kill conditionsTraceable decisions

The research frame

One thesis must survive three lenses.

No single signal earns capital. Agreement matters, and disagreement receives a written explanation.

01

Market behavior

Price shows where attention moves.

We study trend structure, relative strength, liquidity, and volatility. Price evidence controls timing and exposes weak assumptions.

02

Business evidence

Fundamentals explain what can endure.

We test financial quality, valuation, catalysts, and expectations. Each view rests on cited, current evidence.

03

Regime context

Macro forces define the opportunity set.

We track economic, political, and technical shifts. Cross-asset behavior tests whether each narrative reaches the market.

The decision path

Research moves through fixed gates.

Each stage has one mandate. A stage records its work before the next stage starts.

  1. 1

    Source

    Systematic screens and live narratives surface candidates. A source record preserves the reason for each review.

  2. 2

    Underwrite

    A complete memo joins market behavior, business evidence, and regime context. It states both sides of the case.

  3. 3

    Challenge

    A separate reviewer tests the evidence and the conclusion. Weak work returns for revision or leaves the process.

  4. 4

    Construct

    Approved cases compete with current holdings. The portfolio process weighs conviction, risk, and related exposure.

  5. 5

    Learn

    The system records decisions, changes, and outcomes. Reviews convert useful findings into testable improvements.

Risk discipline

Risk starts in the memo.

The method defines what can break before price tests the view.

Before entry

Define failure first.

Each case names its key risk, kill condition, and evidence gap before portfolio review.

While held

Recheck the thesis.

New evidence updates the case. Position changes follow the written thesis and portfolio limits.

At execution

Separate intent from action.

A deterministic plan checks stale data, broker state, order size, and total exposure.

After exit

Preserve the lesson.

The review separates process quality from outcome. It records a testable lesson when one exists.

The operating system

Software enforces the decision process.

Clear mandates separate research, review, portfolio judgment, and execution.

ResearchBuild the case
ReviewTest the case
PortfolioAllocate scarce capital
ExecutionApply the guardrails
RecordClose the loop
“The objective is not more ideas. It is fewer, better-supported decisions.”