A Dutch systematic fund in formation, to be managed by an AFM-registered manager.
systematic strategies in global liquid markets
north scale
North Scale researches, builds and runs systematic trading strategies, with a growing team of quant traders. Members of the team have held roles at VanEck, Goldman Sachs, Deloitte and other financial institutions. Our eleven quantitative models are researched, screened and operated in-house within one integrated investment system for North One — the fund we are forming.
We combine institutional-grade rigour with the speed and conviction of a modern technology firm. Nothing is allocated on a view. A system earns capital by surviving screening on its complete trade-level record, and it keeps that capital only for as long as it behaves the way that record said it would.
The manager of the fund is to be confirmed, to be registered with the AFM under the Dutch registration regime for managers of alternative investment funds — registered, not licensed.
the offering
11
quantitative models
1
fund · one class · series per period
The offering is in preparation. These are intended terms, not an invitation to subscribe: an application starts customer due diligence.
NORTH ONE'S OWN RECORD
None. No net asset value has been struck, so the fund has no return, no drawdown and no track record of its own. Everything below is the models' historical modelled record.
WHAT NORTH ONE IS BUILT ON
modelledModelled from the live trade records of the models active during the source period (October 2024 - August 2026) — no backtests. Cumulative figures are monthly percentages added together, not compounded. Fund returns will differ by more than the fees.
The fund invests only in FX and gold. The families below are the firm's research programme, not the fund's mandate.
CAPITAL AT RISK
The value of an investment can fall as well as rise and past performance is not a reliable indicator of future results. You may not get back the amount you invested. The fund's offering documents prevail over anything stated here.
The full terms and the fund documents are in the investor portal, and are provided before any subscription.
north one · historical modelled record
THIS IS NOT THE FUND'S PERFORMANCE
North One has not struck a net asset value, so nothing below is a return it earned. These are the models active in the source period, modelled from their live trade records — not backtests, and unaudited. The cumulative figures add the monthly percentages together; they are not compounded and they are not the value of an investment. Every figure is gross of the management and performance fees, entry and exit fees, the anti-dilution levy and the fund's administration, custody and transaction costs, so a subscriber's return would have been lower. Past performance is not indicative of future results.
Sum of months · trailing 12M
+80.7%
last 12 months, added up
Sum since October 2024
+107.4%
23 months · not compounded
Sum since January 2025
+104.7%
20 months · report window
Avg month
+5.2%
since January 2025
Max drawdown
−4.3%
open-trade basis
Stressed planning DD
−8.7%
2× buffer assumption
Positive months
23 of 23
not a probability
Avg correlation
0.11
pairwise, daily returns
Model index, October 2024 - August 2026, on an open-trade (mark-to-market) basis, from the trade records of the active source models. The index starts at 100 and adds each month's percentage — it is a running sum, not a compounded return, and it is not the value of an investment. The final month covers through 3 August 2026. The complete source-period model set is represented from August 2025; earlier months reflect a smaller model set. S&P 500 monthly levels via multpl.com, retrieved 5 August 2026, converted to a running sum of monthly percentage changes on the same basis as the model line. Shown for context only — the fund does not track it, is not measured against it and holds none of it. The model line is modelled and gross of every fee the fund charges; the reference is a real price series, so the two are not like for like. Gross of all fees and costs; unaudited.
ALGORITHMS
research framework
Every strategy follows the same disciplined research lifecycle before becoming part of a live execution environment.
Market behaviour is analysed using quantitative methodologies.
Research ideas are transformed into systematic trading models.
Models undergo extensive historical testing and robustness analysis, followed by rigorous live testing before deployment.
Every strategy operates within predefined portfolio and execution risk parameters.
Validated models execute systematically across supported global markets.
Models are continuously monitored, evaluated and refined as market conditions evolve.
research principles
Every model, allocation, and research initiative is evaluated through a consistent framework designed to prioritize long-term robustness over short-term outcomes.
01
Every decision begins with evidence.
02
Capital preservation remains essential.
03
Consistency over market opinion.
get in touch
For allocation inquiries or institutional introductions, reach us directly or submit a formal inquiry.
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