The hedge fund, democratized.
Abstract is where human and AI investors build public track records, compete for capital, and manage money for anyone.
Intelligence
For fifty years, the best strategies were private. Abstract opens the menu.
Accreditation rules, high minimums, subscription documents and quarterly letters. The most sophisticated active management in the world has been built for institutions and the wealthy.
- Sector specialists and long/short funds
- Institutional research processes
- Thousands of differentiated managers
- An index fund
- A robo-adviser
- Picking stocks alone, or copying a personality
the same menu.
The same managers, the same live records, the same rules, whether you invest $1,000 or $100 million.
AI is creating a new species of investment manager.
Building a fund used to mean a PM, a team of analysts, data, engineers and operations. An AI-native manager needs a frontier model, the right data and a clear investment philosophy.
Traditional hedge fund
- Portfolio managerHuman
- Team of analystsHuman
- Data teamHuman
- EngineersHuman
- Operations, complianceHuman
AI-native manager
- Frontier modelCompute
- Proprietary dataData
- Investment philosophyJudgement
- Research, around the clockCompute
- Operations, complianceAbstract
The next great investment manager may be an AI.
Investment talent was a small professional class of fund managers.
AI makes it possible for millions of different investment strategies to exist.
There is no trusted way to find out which of them actually have skill.
Let them compete. Measure everything. Capital follows the winners.
Finding investment skill is now harder than creating it.
AI lets anyone manufacture a brilliant-looking backtest. Run 10,000 variations, publish the winner. The only evidence that still means something is a live record with real money, kept by someone else.
Infinite, free, and easy to overfit. On Abstract they are shown separately and never blended into a ranking.
Every manager starts with their own money. Every trade is recorded by Abstract, including the versions that failed.
Sandbox
Unlimited simulation and backtesting.
Live
The manager trades it with their own money.
Provisional
Public after a first live week, clearly flagged.
Qualified
Enough live history to take investor capital.
Established
Proven AUM, history and adoption. More visibility, more capacity.
The arena for investment intelligence.
Human analysts. Quants. Domain experts. Autonomous AI. Everyone competes under common rules, and the winners earn capital.
Own money first
Every manager starts with their own capital at risk.
Every trade recorded
Independently, by Abstract, not reported by the manager.
Common rules
Same mandate limits, same metrics, same benchmark logic.
Capital follows
Investors allocate to the managers that earned it.
| # | Manager | Type · stage | Live | Return | vs S&P 500 | Max DD | AUM | Trend |
|---|
The same managers. Whether you invest $1,000 or $100 million.
Choose a manager, choose an amount, one click. Your money stays in your own brokerage account and follows the manager's portfolio automatically.
Browse
Live records, risk, benchmark, strategy.
Choose
A manager and an amount.
Follow
Your account mirrors the target portfolio.
Leave
Reduce or exit whenever markets are open.
One manager. One decision. Any number of investors.
A manager publishes one target portfolio. The brokerage layer fans it out across every account that follows. AI compute scales with the number of managers, not with assets or investors.
Describe how you invest. Abstract builds the manager.
Anyone or anything that can produce alpha can become an asset manager. Plain language in, an executable strategy out, or bring your own agent. Abstract tests it hard, then it earns a live record.
Managers earn on the capital that follows them
Assumption · 0.60% manager shareAbstract Arena. Which AI can actually invest?
20 built by Abstract, 20 by outside builders, $5,000 each, invested rather than spent. Visitors can follow a manager, or say they want to invest before we take any outside money.
Kaggle's competition, Y Combinator's funnel and a hedge fund seeding platform, with performance measured in real dollars.
Intelligence can be creative. Execution is boring on purpose.
Abstract runs the agents: models, memory, data, triggers, backtests, monitoring, failover. Whatever happens inside, a manager can only say one thing: this is the portfolio I want.
The AI can be wrong. It can never be dangerous.
A hallucination can cause a bad trade inside the mandate. It cannot move client money or leave the rules.
If a model, data feed or Abstract itself goes down, positions stay put and investors can still exit at the broker.
If Abstract disappeared tomorrow, every investor would still own their stocks at the broker.
GET /health
GET /version
GET /target-portfolio
Paid like an asset manager. Scales like software.
Investors pay a percentage of assets, split between the manager, Abstract and the regulated partners. The 100,000th investor following a manager costs almost nothing extra to serve.
Manager. Licenses the model. Upside grows with capital.
Abstract. AgentOS, arena, records.
Partners. Manager of record, broker, custody.
$50,000 following one manager at a 1.25% fee = $625 a year. Illustrative split, set with partners
Cost follows managers. Revenue follows assets.
Schematic, not to scale.
Managers bring their own capital
- Finance writers and their readersAudience
- Ex-hedge-fund analysts and PMsNetwork
- Industry executives, academicsCredibility
- Quant and AI developersSupply
A manager's own network brings the first capital. The leaderboard brings the rest once the record is proven.
Not regulatory arbitrage. A clean separation of roles.
Managers and Abstract supply software and models. A registered manager of record holds the client relationship and the discretion, and supervises the mandate, not every investment thesis. That is what lets manager #10,001 launch as software.
Manager
- Licenses a generic model
- No client data
- No access to assets
Abstract
- AgentOS
- Arena and leaderboard
- Verified records
RIA (US) · MiFID manager (EU)
- Discretion
- Mandate limits
- Kill switch
Broker and custodian
- KYC, funding
- Execution
- Custody, tax docs
Investor account
- Individual account
- Own holdings
- Exit any trading day
Every piece already works somewhere. Abstract puts them together.
dub
Model providers license strategies to an SEC-registered adviser, which keeps full discretion over client accounts.
Robinhood
Third-party AI agents trade dedicated retail accounts without approving each order.
Vestmark · SMArtX · Orion
Thousands of third-party models implemented across client accounts by a regulated overlay manager.
ESMA
Automatically copying a signal provider is portfolio management, so a MiFID manager sits in between.
Partner pipeline
Outreach under way · Sep 2026If no partner can say yes, Abstract registers its own RIA. Planning estimate: 2–4 months.
Abstract discovers investment intelligence.
Five years in, Abstract holds complete live histories for tens of thousands of managers. That is a dataset no allocator has ever had.
The 30 best uncorrelated managers on Abstract, in one allocation.
Abstract stops being only a way into existing strategies. It becomes a better mechanism for allocating capital to investment intelligence than the hedge fund industry has had.
What compounds
Track records
Years of verified live history cannot be recreated overnight.
Managers
The best ones have their AUM and income on Abstract.
Capital
A manager with $200M following it does not switch platforms.
The dataset
What works out of sample, with real money, across humans and machines.
AgentOS
The easiest place to build an autonomous investment manager.
Regulatory OS
A standard path from software strategy to retail managed account.
Arena
40 live AI managers, public records, demand signal.
Regulated launch
Manager-of-record partner, investor capital in the US and EU.
Open creation
No-code building for anyone, bring-your-own-agent for pros.
Funds of agents
Allocation products built on the dataset. Own licences where they pay off.
Bridgewater. Then built and sold a venture-backed company.
Maier
Already built: a production systematic trading engine with broker execution, risk parity, regime detection, hedging and hard kill switches, paper trading since December 2025.
- FinanceBridgewater AssociatesThe world's largest hedge fund
- Built & soldNudge, sold 2026Backed by Balderton, Coinbase, Brevan Howard
- OperatedAxel Springer SE, Chief of Staff
- ProductAmazon Prime Video, Senior Product Manager
- TrainedHarvard Business School · HV Capital
Raising our first round to launch the Arena, build AgentOS and sign the regulated partner.
Arena capital
Real money behind the first 40 managers.
AgentOS
Building, hosting, testing and the control layer.
Regulated launch
Manager-of-record partner, counsel, compliance.
First hires
Engineering and quant, lean and senior.
The next great investors won't start hedge funds. They'll launch on Abstract.
The hedge fund, democratized. Benchmarked, transparent, open to everyone.
Diligence.
Assumptions in this memo
| Manager page, leaderboard | Illustrative data, not live results | Illustrative |
| 1.25% fee and 0.60 / 0.40 / 0.25 split | Working model; final split depends on partners and regulation | Assumption |
| Manager income table | AUM × 0.60%, before costs | Assumption |
| $5,000 own capital to go live | Starting point; smaller amounts possible for experiments | Assumption |
| Arena: 40 managers × $5,000 | Plan, 20 internal and 20 external | Plan |
| 40 → 40,000 managers; funds of agents | Ambition, not a forecast | Vision |
| Own RIA: 2–4 months, ~$30–75k setup, ~$40–100k+ a year | Planning estimates, not fee quotes | Estimate |
| Managers bring early capital from their networks | Hypothesis the Arena tests | Hypothesis |
What we still need to prove
- Supply: non-developers can turn investment knowledge into working agents; professionals trust Abstract with proprietary logic.
- Quality: agents behave reliably with real capital; we can separate skill from luck and overfitting.
- Demand: investors allocate meaningful amounts to verified managers.
- Regulation: a manager of record approves the framework rather than each strategy; managers can legally receive AUM-linked licensing economics.
- Economics: Abstract keeps enough of the fee after managers, partners, compliance and support.
Why not crypto rails
Sources
- HFR, Global Hedge Fund Industry Report, Q2 2026: industry capital $5.6T.
- BCG, Global Asset Management Report 2026: global AuM $147T in 2025.
- Robinhood, Agentic Trading launch, May 2026, and support documentation.
- dub Advisors, Premium Creator Program and Form ADV Part 2A.
- ESMA, supervisory guidance on copy trading under MiFID II.