Fund policies
An Investment Policy Statement, or IPS, is a fund's own rulebook: a written promise about what it may trade, how much risk it may take, and what it measures itself against.
Every real investment fund writes one before it takes in a dollar, then holds itself to it.
We publish ours so the promise means something: anyone can check what a fund said it would do against what it actually did.
You do not need any finance background to read what follows.
Unfamiliar terms are explained the first time they come up, right where they are used.
These policies describe an educational paper-trading simulation. They are not an offer to invest and do not authorize real-money trading.
Glossary
- IPS
- Short for Investment Policy Statement: a fund's own rulebook. It states what the fund may trade, how much risk it may take, and what it measures itself against.
- Benchmark
- The outside index a fund measures its own return against, so a gain or loss means something.
- Tracking error
- How far a fund's return has drifted from its benchmark's return over time.
- Drawdown ladder
- The platform's automatic response to a losing streak: a fund's allocation is halved at one loss threshold and frozen for review at a deeper one, enforced by the platform, not by discretion.
How we operate
- IPS changes are audit-logged.
- Every trade is journaled.
- The drawdown ladder is enforced by the platform, not by discretion.
- A post-mortem is required after a portfolio freeze, before it can restart.
Account and season policy
Every member trades on a single account funded with simulated capital only, never real money. A leadership-approved reset of a book is logged and the prior record is kept and presented here as an archived season, never deleted. Any skill-based forecasting league offered on the platform is scored in points only; no real money is ever involved there either. See our Terms of Use and Privacy Policy for the full policy.