Portfolio risk14 pages
US Stock-Bond Correlation and Capital Preservation
Annual US returns and a separate monthly yield proxy
Read reportDownload PDF
Independent research · Private investor introductions
We introduce private investors to quantitative traders through multiple strategy providers, with strategy access through PAMM accounts. Your money stays at the broker, never with BlackRidge.
Who we are
BlackRidge is an independent research bureau introducing private investors to quantitative traders through multiple strategy providers. We publish quantitative research. Investors access strategies through PAMM accounts at the broker. We are not a fund or broker and never hold client money.
Ask to review live trading records, their sources and limitations before deciding.
Research and introductions. Not custody or trading management.
The commercial counterparties for strategy access.
The people operating the strategies. Request their live records and trading mandate.
Funds and withdrawals stay with the broker, not BlackRidge.
Roles, not a flow of funds.
How it works
The account is yours and the broker is regulated. BlackRidge provides research and an introduction, not custody.
We talk through your goals and what you could afford to lose, and name the broker and strategy providers discussed.
You open the account at a regulated broker and deposit directly with them. BlackRidge never receives or holds your funds.
A designated trading manager runs the strategy. You follow it through the broker's reporting and withdraw directly from the broker.
Research & Insights
Annual US returns and a separate monthly yield proxy
Brent and WTI regional spot prices, oil benchmark and contract terms, and European power-market time units and annual turnover.
Investment-grade and high-yield return covariance, private-credit annual returns and borrower metrics, with their measurement limits.
Only with your consent. Unsubscribe at any time.
Evidence review
Four questions to put to any quantitative trader or strategy provider, including those we introduce.
Ask what economic rationale supports the strategy.
Request out-of-sample results and the rules fixed before testing.
Check spreads, commissions, swaps and slippage in the results.
Separate simulations and demo trading from live broker records. Check dates, deposits, withdrawals and drawdowns.
Evidence to request, not a guarantee of returns. Past or simulated results do not predict future returns.
Capital efficiency
You select a trading level, and fund the margin and drawdown allowance that supports it rather than the full notional amount.
You do not need to deposit the full trading level with the broker. Any capital you hold elsewhere remains subject to your own arrangements and is not included in this illustration.
Exposure is a decision; the deposit is the balance the strategy draws on. Whether losses stop at that balance depends on the broker's terms and jurisdiction.
Funding Structure
Illustration only, and the ratios shown are illustrative. Funding ratios are set per allocation against the strategy's tested drawdown profile and the broker's margin requirements, and are confirmed in writing before any deposit. Trading losses are not guaranteed to stop at the funded amount.
Access model
Your account is opened in your name at a regulated broker and allocated through its PAMM structure.
You pay your selected strategy provider 6.7% of the agreed trading level once. There is no management fee, performance fee or profit share.
Broker costs are separate. BlackRidge receives an introduction fee directly from your selected provider, not from you or the broker.
Cost Comparison
The same market exposure, bought two ways.
Typical fund
2% and 20%, every year
$209,852
in fees over 5 years
Strategy access
6.7% once, paid to the provider
$33,500
paid once, at the start
The broker, the selected strategy provider and the full commercial terms are presented in a private session and confirmed in writing before any payment or deposit.
Illustration only, not a projection or a guarantee of return. Both columns assume the same gross performance on the same trading level, so that only the fee structure differs. The fund column applies a 2% annual management fee on assets and a 20% performance fee on gains. Because the access fee is charged on the trading level, a notionally funded allocation pays the same fee on a smaller funded balance: it is a larger percentage of what you deposit. Broker spreads, commissions, swaps, slippage and taxes are excluded from both.
Getting started
No lock-in period and no exit fee. The trading level is raised only in writing, and at the same 6.7% rate staged and upfront entry cost the same in access payments.
The smallest allocation is $25,000 of funded capital, which at a conventional funding level supports a $50,000 trading level.
Reporting comes from the broker, not from us. Nothing obliges you to increase.
Raise the trading level in writing, with an access payment only on the increase, or withdraw under the broker's PAMM terms.
Your next step
The structure, the costs, who is paid and what can go wrong, on one page.