Performance

Q3 2025 allocation shift

Mid-quarter rebalance toward two newer signal families that cleared the validation gate.

Why we moved

Two signals graduated from the staging environment after a six-month observation window. Both showed orthogonal behaviour to the existing book under stress, which is the bar we use before live capital is committed.

What changed

Roughly nineteen percent of risk budget rotated out of the two oldest momentum families and into the new pair. Notional remained inside the band agreed at the August review.

Note on capacity

The newer signals carry tighter capacity than the families they replaced. We expect the rotation to cap our usable scale at the existing level for at least two more quarters.