White Paper
From Signal Research to Capital Use
An Evidence Permission Model for Systematic Investment Implementation
Systematic research becomes economically relevant only when it can survive the conditions under which capital is actually deployed. This paper sets out an evidence permission model for systematic investment research, separating research evidence, implementation permission and capital permission.
The paper introduces four separate permissions, a taxonomy of signal states, a control chain from research to implementation, and a monitoring and attribution loop. The objective is to prevent research artefacts from moving silently into portfolio use without data discipline, cost and capacity review, portfolio translation, attribution design and live monitoring.