Built to learn how markets actually work.
Alberwick Quantitative is a student-run, paper-traded hedge fund. We manage simulated portfolios with no real money at stake, which lets us take genuine positions, test real ideas, and live with the outcomes without the cost of being wrong.
What began as a few curious students is now a disciplined team focused on research, risk, and honest self-assessment. We believe the only way to understand investing is to do it: defend a thesis, size a position, and answer for the result.
What we don't compromise on.
Process over outcome
Good decisions can lose and bad ones can win. We grade the decision first, then the result.
Risk before return
Sizing, drawdown, and exit criteria come before the upside story ever does.
Intellectual honesty
Theses are written down and post-mortems happen in front of the whole team. Nobody rewrites history and nobody hides a loser.
Compounding knowledge
Every review feeds the next pitch. The fund's real balance sheet is what the team learns.
How the fund runs.
The book is split into two pods that compete on the same simulated platform. Each pod sources its own ideas, runs its own positions, and answers for its own results. The competition keeps the research honest and the sizing disciplined.
The scoreboard is risk-adjusted, not raw: books are judged on downside-adjusted performance, so a lucky, oversized win doesn't beat a well-managed book. Weekly reviews attribute results position by position, and everything from thesis to sizing to exit is documented.
Interested in joining?
Read what analysts actually do, then apply with a single trade idea.
Get involved