Supporting Capital
Research infrastructure focused on market structure, systematic strategy development, portfolio construction, execution, robustness, and risk.
Role
Perpetuum Research exists to support Perpetuum Capital. Work is practical and investment-focused: understanding how markets behave, how strategies fail, and how portfolios should be constructed and risk-managed before capital is committed.
Domains
Systematic research across signal design, modelling assumptions and statistical evaluation of strategy behaviour.
Analysis of liquidity, microstructure effects and market dynamics that shape executable opportunity.
Frameworks for combining strategies, sizing exposures and managing diversification of return drivers.
Research into implementation costs, slippage and execution quality as inputs to strategy viability.
Out-of-sample testing, sensitivity analysis and checks against overfitting before strategies advance.
Stress testing, drawdown analysis and evaluation of strategy behaviour across market regimes.
Method
Formulate a research question tied to a potential source of return or risk insight.
Test against market data with attention to structure, costs and realistic constraints.
Assess robustness, regime stability and failure modes through structured review.
Convert validated findings into strategy specifications and risk parameters for Capital.