How it works
You decide what runs.
Systematic research and risk, delivered every day to an AI of your own that trades your exchange accounts. You select the strategies. You own the accounts.
Two AIs. One is yours.
Hedgehog is AI-first. Our central AI does the research and the risk. Your own Hedgehog AI runs it on your exchange accounts, through its execution engine. Our people set the standards and answer for both.
Systematic research and risk management across the book
Runs across the whole library, every day. You receive its output through your AI and the daily reports.
- Covers hundreds of indexes and strategies, growing as instruments and venues are added
- Risk runs in real time and the regime is refreshed every day, keeping each strategy fitted to the current market
- Produces a CIO report and a trader report, delivered each day to you and to your AI
- When the regime shifts, strategies are enhanced automatically — updates reach your AI without any action from you
- Streams live global macro and crypto news to your AI, in real time
Selects what runs. Executes on your exchange accounts.
Dedicated to you, with its own execution engine. Shared with no other client. Runs on your own infrastructure if you want.
- Receives the research, risk, and daily reports from the central AI
- You set which strategies run and at what size
- Executes on your exchange accounts through a trade-only key
- Regime updates arrive automatically. There is nothing to do each day
What your AI shows you.
A live view of your strategies, their regime fitness, their signal status, and the EVAR risk estimate for the book. Risk updates in real time; research and the regime every day.
| Strategy | Asset class | Alloc. | Regime fit | Signal |
|---|---|---|---|---|
| BTC Stat Arb | Crypto | 18% | ■■■■□ | Long |
| Cross-Exchange Basis | Crypto | 24% | ■■■■■ | Long |
| ETH Mean Reversion | Crypto | 12% | ■■■□□ | Flat |
| Equity Factor (US) | Equities | 8% | ■■□□□ | Flat |
| Rates Carry | Rates | 6% | ■■■■□ | Long |
Illustrative. Strategy names, allocations, and metrics are invented for demonstration.
The detail
- 01Strategy enhancement.
Risk runs in real time, and the regime is refreshed every day. The strategies are enhanced as the market changes, and the updates reach your AI automatically. There is nothing for you to do each day.
- 02Paper or live. Your choice.
You are in control. Start on paper or a test account, where your AI runs your selection against live prices and the execution engine sends no orders, or go live straight away. Change strategies, sizing, and allocations at any time.
- 03Size.
Two limits apply: how much you want to allocate, and the most that strategy can take. The smaller one wins, so no strategy is filled beyond what it can take.
- 04Your exchange accounts.
We start in crypto, on your own exchange accounts at Kraken, Coinbase, Deribit, Binance, or Hyperliquid, from $100k. No custody. No lockup. The capital is yours throughout.
- 05Live news.
Global macro and crypto news reaches your AI in real time, between the daily reports. Your AI sees the market move as it happens, not the next morning.
- 06The reports.
A CIO report and a trader report go out each day, to you and to your AI. They carry the current view on risk, regime, and the strategies in your selection.
How clients start.
Three typical starting points. Illustrations of the process, not client records.
A family office with capital on an exchange
- Sets aside part of the capital already on its exchange account. Nothing is transferred
- Decides where to run and host its AI: a Mac mini in the office, its own server, a cloud server, or hosted by us
- Paper-trades a selection of macro and crypto strategies first, then switches them live
- Reads the CIO report each morning instead of waiting for a monthly letter
An institution that needs it in-house
- Runs its AI on its own server, inside its own security perimeter
- The exchange key stays on that server and never reaches Hedgehog
- The risk team reads the daily reports alongside its own
- Compliance sees every order on the institution's own exchange accounts
A desk with an existing crypto book
- Adds volatility strategies in a dedicated sub-account, next to its existing book
- Size is capped by the smaller of its allocation and what the strategy can take
- Uses the trader report to see what its AI will do before it does it
- Stops at any time by revoking the key
Book a 20-minute call.
We cover the research, how risk runs on your exchange accounts, and how onboarding works for you.