Allocator network
What the managers and friends you follow are saying: official posts, rebalance records, monthly letters and depositors' takes on one timeline.
September read: BTC basis compressed from 11% to 7.4% annualised over the past two weeks while funding stayed modestly positive. We are not reading that as risk-off; it is crowding unwinding after the August rally. Inventory sits at 82% of capacity and the remaining 18% stays in cash-like until basis clears 8% again. No change to the 7-day lockup.
Signal check: QQQ / SPY Trend Overlay is long and in trend. The stop and the sizing rule are on the factsheet and have not moved. Flat stretches are part of the design; do not read them as a broken product.
Signal check: HSI Overlay is long and in trend. The stop and the sizing rule are on the factsheet and have not moved. Flat stretches are part of the design; do not read them as a broken product.
Rebalance for US Residual Momentum ran on schedule with no discretionary overrides. Vol target respected; factor weights published with the fills.
Hedge cycle ran clean this week on Options Vol Harvest: residual delta inside band on every check. The net carry after hedge cost is what the 30D shows, nothing more, nothing hidden.
Inventory bands rebalanced after weekend flow.
Market Side Fill Weight BTC long 64,200.00 0.6%→0.9% ETH long 3,420.00 -0.4%→0.2% USDT cash 1.000 98.2%→97.6% Rebalanced 7 Sept 2026NVDA 20-day realised vol is 38%, back under the 42% threshold, so the sleeve is at full exposure again as of Thursday's close. Two things to keep in mind: the −12% sleeve stop has not moved, and earnings on the 27th will not be traded through. We scale to 50% the session before, as in August.
Rebalance for Japan Value Factor ran on schedule with no discretionary overrides. Vol target respected; factor weights published with the fills.