Streams
Four asset classes.
One disciplined process.
Each stream stands alone. Together they decorrelate.
How they fit together
Decorrelation by design, not by accident.
Equities and options run on the same Confluence engine. The options book is a geared expression of the same names — when the chorus is loud and a name screens above 35, we may add a 6-12 month call alongside the equity ticket. They are correlated by construction, but the option carries the convexity the equity cannot.
Crypto and Polymarket are uncorrelated to the equity book and to each other. Crypto follows trend and order-flow on a 24/7 venue; Polymarket settles on discrete events that have nothing to do with the S&P. They are the decorrelators in the portfolio — small ticket sizes, but reliably out of phase with the rest.
The portfolio rule is simple: no stream may be more than 60% of NAV. No single ticket may be more than 2% of NAV. When all four streams are quiet — and that happens — we hold cash. The fund is not required to be invested. Patience is the product.