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live-system

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Listed private-equity managers (BX/KKR/Apollo/Carlyle/Ares) — a levered pro-cyclical market/credit factor (beta-SPY 1.39, credit +1.55), not diversification. Governed live driver: PE-factor book + benchmark's market_regime overlay ON — first consumer sleeve to earn it (Sharpe +0.76→+0.95, DD −45%→−31%). [Live driver]

  • Updated Aug 21, 2026
  • Julia

A naive long-growth book made ownable — equal-weight QQQ/VUG/XLK, governed, with balanced's rate_regime overlay validated ON by default: de-risking when rates rise cuts maxDD -35%->-30% and lifts Sharpe +0.96->+1.04 (keeps 90%). The naive counterpart to broad; the one book that earns the rate overlay on-by-default. [Live driver]

  • Updated Aug 22, 2026
  • Julia

Bridgewater's All-Weather (replicable) & Pure Alpha (a data gap). All-Weather = a low-vol risk-parity compounder the family spine already beats (corr 0.96). Governed live driver: the static All-Seasons book — but its bonds_regime overlay (right signal for its 2022 weakness) fails the bar since the book self-diversifies → OFF. [Live driver]

  • Updated Aug 22, 2026
  • Julia

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