Halberd Quantitative

Assay-Verified

Systematic momentum · Cayman Islands · Inception 2019-12

Illustrative — pre-launch sample data, not actual manager performance.

1Y ann.+20.7%

3Y ann.-20.6%

5Y ann.+7.9%

10Y ann.—

Sharpe (3Y)-0.34

Sortino (3Y)-0.29

Max drawdown-69.9%

Cumulative TWR vs benchmark

Monthly, since inception

Manager TWR Benchmark Drawdown

Locked benchmark

Bitwise 10 Large-Cap Index (BITW)

Pre-registered at engagement scoping. Cannot be retroactively changed.

1Y+217.0%

3Y+67.9%

5Y+8.9%

Liquidity profile

Median position liquidity$510M

AUM$198M

Verified history76 months

Raising statusOpen

Strategy

Multi-factor systematic: momentum + carry + value-on-chain composite. Top-25 universe, weekly rebalance, vol-targeted to 30%.

Composite construction

All discretionary fee-paying accounts following this strategy are included in the composite per GIPS Provision 3.A. The engagement memo enumerates the in-scope entities and any sub-advised accounts that would otherwise meet the discretion criteria but are excluded for documented reasons.

Composite dispersion is reported as the asset-weighted standard deviation of constituent account returns. 3-year ex-post standard deviation is reported once 36 months of composite history is available.

Annual return breakdown

Trailing-window annualized returns. For verified strategies with full calendar-year history we publish calendar-year returns alongside; this preview uses rolling 12-month windows from the most recent month.

Y-4

+130.5%

Y-3

+27.0%

Y-2

-28.0%

Y-1

-42.5%

Y-0

+20.7%

GIPS-aligned disclosures

Returns are presented gross of management and performance fees. Net-of-fee returns available on request and in the LP data room.
Composite includes all discretionary fee-paying accounts following the systematic momentum strategy as enumerated in the engagement memo.
Benchmark: Bitwise 10 Large-Cap Index (BITW), locked at engagement scoping.
Valuation: positions marked at VWAP across qualifying venues. Concentrated illiquid positions subject to liquidity-adjusted fair-value haircut per Assay's methodology.
Custody: position custody arrangement disclosed in the engagement memo. Withdrawal permissions are not granted to Assay; we hold read-only access.
Past performance is not indicative of future results.

Verification status

Assay-Verified. Engagement is active; benchmark is locked, composite is constructed, anomaly screens are running continuously.

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