KIEN PHAMCAPITAL & QUANT LABS
Confidential • Investment Memorandum

Kien Pham — Quant Research Desk

Core Thesis

Focusing on systematic macro strategies and quantitative risk architectures. The central research thesis argues that liquidity regime transitions, rather than absolute volatility levels, represent the single largest unhedged threat in modern asset allocation.

Operating Principles

Write the decision down before the trade, not after. Prefer the model that degrades gracefully at regime boundaries over the one that overfits in the interior. Treat infrastructure changes with the same diligence as capital positioning.

Secure Correspondence

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