- MDD
- -6.80%
- Sharpe
- 0.98
- Win rate
- 52.8%
- Vol 30D
- $7.55M
- Age
- 584d
- Skin in game
- 18%
- Perf fee
- 10%
- Lockup
- 5d
- Depositors
- 10
- Description
- Hong Kong listed overlay with a conservative risk grade. Can stay flat for weeks.
- Adaptive long US mega-cap tech with a hard 12% sleeve stop and HK overlay.
- Process
- Monthly regime filter, weekly execution, 7% sleeve stop.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| HSI | short | $183,377 | 18,129.27 | 17,840.00 | $2,925.97 +13.30% | 23,205.47 | $22,005 |
| 0700.HK | long | $69,127 | 382.16 | 382.00 | -$29.43 -0.35% | 275.16 | $8,295 |
| 3690.HK | long | $33,496 | 117.11 | 118.00 | $255.16 +6.35% | 84.32 | $4,020 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
8 posts · 6 replies · 8 participants · Last activity 5 Sept 2026
- 7 Sept 2026via Web
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.
Sized this at a few percent of NAV next to cash-like. The 5-day lockup keeps me from doing anything stupid.
Checked this against the fills. Consistent with the letter.
- 5 Sept 2026via iPhone
How would you size HSI Overlay inside a book that already holds $Orbit Liquidity Provider (OLP)$ as ballast?
As a satellite: single-digit percent of NAV for an R3. OLP is the ballast; this is not, however good the 30D looks.
- 5 Sept 2026via Web
Scheduled rebalance, largest moves listed.
Market Side Fill Weight HSI long 17,907.59 16.0%→27.0% 0700.HK short 382.07 23.0%→16.0% 3690.HK short 118.24 20.0%→28.0% Rebalanced 5 Sept 2026 - 2 Sept 2026via iPhone
How does the 10% performance fee interact with a drawdown, is there a high-water mark?
High-water mark, yes. The performance fee only accrues on new highs, and it is netted before your NAV prints, so what you see is what you keep.
- 31 Aug 2026via Web
August letter for HSI Overlay: +2.8% for the month, intramonth drawdown inside budget, no rule changes. Fees and lockup unchanged: 10% performance, 5-day lockup. Full attribution is on the factsheet.
Attribution before excuses. Thank you.
- Lumen Family OfficeDepositor · 2025-0931 Aug 2026via Web
The monthly letter is the reason I stay. HSI Overlay tells you what went wrong before you have to ask.
Agree, and the fills match the published book, which is the only thing I actually check.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Wealth solutions. Translates listed-product process onto digital sleeves.
- Official posts
- 4
- Replies
- 2
- Last post
- 7 Sept 2026
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.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| HSI | long | 17,907.59 | 16.0%→27.0% |
| 0700.HK | short | 382.07 | 23.0%→16.0% |
| 3690.HK | short | 118.24 | 20.0%→28.0% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.