7 algorithms. 4 signal families. Two funds — two risk profiles. The Active Fund targets maximum systematic alpha with full equity exposure; the Balanced Fund blends equities, bonds, and thematic ideas for a smoother return profile. Institutional-grade strategies deployed with full transparency for qualified private investors.
Explore our systemTraditional allocation models have failed investors in the new rate regime. In 2022, both equities and bonds fell 15%+, proving that traditional diversification no longer hedges equity risk.
For the successful regional investor, wealth is often concentrated in a single country, currency, and legal system. This is not diversification; it is a single point of failure.
Local deposits and real estate exist at the mercy of a single state's decisions. Freezes and forced conversions are historical realities, not theories.
Since 2013, the Tenge has lost ~70% of its value against the USD. Local returns are often a treadmill—devaluation "claws back" the gains of high-interest deposits.
Real estate and local businesses are illiquid anchors. In a crisis, when liquidity is paramount, domestic assets often become unmovable.
SWIFT disconnection and "locked" domestic assets. Those without capital in EU jurisdictions lost access to their wealth instantly.
Forced conversion of USD deposits and an 80% stock market collapse stripped away purchasing power for those who kept assets domestic.
During the January events, bank closures and internet blackouts rendered local capital inaccessible. Assets held in international brokerage accounts remained operational.
We bridge the gap between elite quant infrastructure and qualified private capital. Our approach replaces geographic concentration with systematic discipline.
7 algorithms operating on different timeframes and signal types, trading CME S&P 500 futures. The diversification is in when and why we trade, not where.
Structured under AIFC (English Common Law) with independent custody via Exante (EU-regulated). Assets remain in your name, segregated from both the fund and local banking risks.
Capital is not locked. The system provides weekly liquidity, allowing for exit into USD within any weekly cycle.
Multi-horizon trend following with 4–12 month lookbacks and breakout detection. Captures persistent market moves while filtering noise.
Advance/decline ratios, new highs/lows, and percent above MA via Z-score normalization. Detects capitulation and broad participation shifts.
Buy-the-dip algorithms identifying capitulation exhaustion — when aggressive sellers are spent and recovery probability is highest.
Analyzes VIX, skew curve, and OTM put pricing. Anomalously expensive puts signal risk (exit); cheap puts signal opportunity (enter).
Live trading began January 2025. Active Fund backtest covers 2016–2025 (10 years). Balanced Fund backtest covers 2007–2025 (18 years), including the 2008 financial crisis.
Long-only, 100% equity exposure. Trades S&P 500 and NASDAQ instruments using 7 algorithms across 4 signal families. May utilize leverage up to 170% NAV via anti-martingale sizing (second position opens only after first reaches breakeven). Designed for qualified investors with higher risk tolerance seeking maximum systematic alpha.
| Cumulative Return | CAGR (10yr) | Sharpe Ratio | Max Drawdown | Volatility (ann.) | |
|---|---|---|---|---|---|
| Active Fund backtest+live | +1,101.22% | 28.22% | 2.22 | −11.31% | 11.8% |
| S&P 500 | +266.49% | 14.55% | 0.84 | −33.72% | 18.3% |
Sources: Active Fund backtest report · Balanced Fund backtest report. All backtest results are hypothetical; linked files are the primary records.
2025 YTD performance vs. leading global hedge funds. kut.capital fund figures are live net returns.
| Fund | Strategy | Sept (%) | 2025 YTD (%) |
|---|---|---|---|
| kut.capital — Active Fund Live | Quant / Systematic | — | +27.00 |
| kut.capital — Balanced Fund Live | Quant / Systematic | — | — |
| Bridgewater Pure Alpha II | Macro | +6.0 | +26.4 |
| RV Capital Asia Opportunity Enhanced | Macro | −0.9 | +18.7 |
| Arini | Macro | — | +17.0 |
| AQR Apex Strategy | Multistrategy | +4.0 | +15.6 |
| Coatue | Equities | +5.7 | +14.7 |
| DE Shaw Oculus** | Multistrat Macro | +3.5 | +14.0 |
| Anson Master Fund | Multistrat Equity | — | +13.7 |
| Marshall Wace MN TOPS | Systematic | +0.5 | +13.7 |
| Dymon Multi-Strategy | Multistrategy | +1.2 | +13.1 |
| ExodusPoint | Multistrategy | +1.9 | +12.3 |
| DE Shaw Composite** | Multistrategy | +1.4 | +11.6 |
| BlackRock STA | Multistrategy | +1.3 | +11.4 |
| Walleye | Multistrategy | +0.4 | +10.5 |
| Man Strategies 1783 | Multistrategy | +2.4 | +10.1 |
| Balyasny | Multistrategy | +1.3 | +10.0 |
| Schonfeld Fundamental Equity | Multistrat Equity | +1.5 | +10.0 |
| Point72 | Multistrategy | +0.3 | +9.7 |
| Marshall Wace Eureka | Multistrategy | +1.3 | +8.0 |
| LMR | Multistrategy | −0.9 | +7.6 |
| Schonfeld Partners | Multistrategy | +0.5 | +7.0 |
| Bridgewater AIA Labs Macro | AI / Macro | — | +6.5 |
| Citadel | Multistrategy | +0.2 | +5.0 |
| Winton Multi-Strategy | Multistrategy | +2.2 | +2.2 |
Every position enters with a hard stop-loss. Trailing stop follows swing-lows as profits grow.
Second position only after first moves to breakeven. No averaging down, ever.
No single strategy can dominate the portfolio. Diversification enforced by hard weight limits.
Annual deep OTM put-spread rolled ~2×/year provides tail-risk protection at ~1%/year cost — monetizable during volatility spikes.
Portfolio manager monitors for extraordinary events and can override to reduce exposure — but never to add it.
| Minimum Investment | $1,000,000 |
| Management Fee | 1.5% per annum |
| Performance Fee | 15% of gains |
| High-Water Mark | Yes |
| Rebalancing | Monthly |
| Liquidity | Weekly · No lock-up |
Individual investors pay 10% income tax on every profitable trade. Inside the AIFC fund structure, this tax is eliminated — the saving alone more than covers the management fee.
The global hedge fund standard is 2% management + 20% performance. We charge less on both.
A passive ETF costs 0.1% and falls with the market. Our fee pays for options hedging, systematic risk management, and portfolio engineering.
Top 10 peak-to-trough drawdowns by depth, from QuantStats backtest reports. Each bar shows the exact decline from peak; labels include recovery date and duration in days. Fund metrics updated through Aug 2025.
Single-stock lines use split-adjusted year-end prices (price performance) from Digrin. S&P 500 total returns from SlickCharts. Treasury bond returns (IEF ETF) from Total Real Returns. kut.capital returns from QuantStats backtest reports (Active: 2016–2025 10yr; Balanced: 2007–2025 18yr), data through Aug 2025. Backtest results are hypothetical and not a guarantee of future performance.
Entrepreneur and technologist. Built kut.capital's algorithmic infrastructure from the ground up — from signal research through code development, backtesting, and live deployment. Responsible for investor relations, fund operations, and strategic vision.
Institutional investment veteran with 20 years of portfolio management experience. Previously Head of Asset Management for the Ular-Umit and Astana pension funds, overseeing large-scale capital allocation and fiduciary strategy. Focuses on constructing resilient portfolios leveraging non-correlated returns.
Kazakhstan's first specialized disputes firm. Ranked by Chambers Global and Legal 500. Handles cases up to $200M+. Clients include Samsung and Huawei.
Sign investment management agreement. Standard AIFC documentation. ~1 day.
Open segregated account at Exante in your name. Full KYC/AML process. 3–5 days.
Wire capital to your Exante account. Assets remain in your name at all times. 1–3 days.
Algorithms begin trading on the next signal cycle. First performance report within 30 days.
This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Backtest results are hypothetical and subject to model risk; a conservative 30% haircut is applied to all backtest projections. kut.capital is an emerging fund. Information presented is believed to be accurate but is not guaranteed.