$4.2B
Assets Under Management
Passive Alpha is a multi-strategy systematic investment firm. We model the full distribution of macroeconomic outcomes, stress every candidate allocation against the regimes in which conventional diversification quietly stops working, and read the result the way you read an instrument — without arguing with it.
Our research pipeline runs continuous factor decomposition, regime detection, and adversarial backtesting across thousands of candidate strategies. Three principles govern the apparatus.
Our preferences are not an input; the allocation does not require them. No portfolio manager has ever overridden the model.
Every candidate is evaluated in full — net of fees, slippage, taxes, capacity, and the behavioral drift that erodes returns in practice but never appears in a backtest. A conclusion is only worth holding if you have genuinely tried to break it.
We don't take a view. We build the apparatus, we run the work, and we read the result. The more sophisticated strategies, examined closely, turn out to be leveraged or disguised expressions of the same exposure — purchased at a markup. We decline the markup.
The book is not a single bet. It is a maximally diversified, continuously rebalanced allocation across five hundred of the largest American enterprises — every sector, every cycle, weighted by the market itself. What the analysis recommends is not narrow. It is the broadest position available to a disciplined investor.
We ran the full analysis, as is our practice, and arrived where we always arrive — without surprise and without reservation.
| Position size | 100% |
| Conviction | High |
| Time horizon | Indefinite |
| Action required | None, ongoing |