ARGON
A systematic equity programme developed by AxiomCapital OÜ.
A long-biased long/short programme in liquid U.S. equities. Every decision uses only information that was available at the time it was made, and no order reaches the market without passing pre-trade risk controls.
- Market
- Liquid U.S. large-cap equities
- Approach
- Systematic long/short
- Risk
- Portfolio-level exposure and concentration controls
Forecasts, converted into a portfolio under constraints.
Argon converts systematic forecasts into a diversified long/short equity portfolio under predefined exposure, concentration and trading-cost constraints. Portfolio risk is controlled systematically and may be reduced when market conditions deteriorate.
Three controls that always apply.
Not intentions — controls enforced systematically, in the same process that produces the orders.
- Exposure and concentration limits are enforced systematically. Portfolio construction operates within predefined risk limits that cannot be bypassed by the forecasting model.
- Trades cannot bypass pre-trade risk controls. Every proposed order must pass the applicable risk checks before submission.
- Incomplete or ambiguous inputs stop the process. The programme fails closed rather than proceeding on an assumption.
How the programme is run.
The path from data to filled order.
Research is point-in-time
Decisions are evaluated using only the information available on the date being traded. Results are not flattered by data that arrived afterwards.
Risk is managed at portfolio level
Exposure and concentration are controlled across the whole book, not position by position.
Security selection is systematic
There is no discretionary stock picking at any stage of the process.
Results are decomposed, not summarised.
Performance is measured after costs and reported alongside what produced it, so it is clear whether a return came from the programme itself, from general market exposure, or from what execution cost.
| Return basis | After costs, compounded |
|---|---|
| Benchmark | A broad U.S. large-cap equity index, with return above the benchmark shown separately from market exposure |
| Drawdown | Peak-to-trough decline, reported alongside the return |
| Costs | Trading costs itemised rather than absorbed into the return figure |
| Simulated, paper and live | Maintained as separate series. Never combined into one track. |
Where the programme stands.
Argon is currently in development ahead of formal paper validation. Paper validation has not yet begun, no capital is being traded and no live investment track record exists. Simulated, paper and any future live proprietary-capital results will be maintained as separate series.
AxiomCapital OÜ
AxiomCapital OÜ is an Estonian private limited company developing Argon, an internal systematic equity research programme currently in research and implementation validation ahead of formal paper validation. The company is legally represented by its registered Management Board. AxiomCapital OÜ is not currently accepting or managing external investor capital.
Official corporate information is available through the Estonian e-Business Register.
| Legal entity | AxiomCapital OÜ |
|---|---|
| Registry code | 17033009 |
| Registered office | Tornimäe tn 7-99, Tallinn 10156, Estonia |
Get in touch.
For questions about AxiomCapital OÜ or the Argon programme. You can also write directly to office@axiomcapital.eu.