RESEARCH STUDIES
Fund structure and market data.
Analysis of investment methods and the information used to understand markets. Explore IALT’s strategy structure and drawdown history, or the relationship between spreads and displayed quantities in QNTUSDT.
ALTERNATIVESUA-IALT-2026-01
12 OCT 2026 · v1.1
FUND STRUCTURE / IALT
Investment methods, early performance and a dated drawdown study.
We examine IALT’s investment methods, portfolio disclosures and daily NAV record, including the June 2026 drawdown and its recovery. A longer record remains necessary for assessment across market cycles.
Strategy structure · Daily NAV · Drawdown and recovery
DISPLAYED SIZEUA-RN-2026-01
12 OCT 2026 · v2.2
MARKET MICROSTRUCTURE / QNTUSDT
QNTUSDT: Quoted Spreads and First-Level Liquidity
A market-microstructure study of seven selected QNTUSDT perpetual-futures observations dated 28 September 2026. The analysis compares quoted spreads and displayed first-level quantities, with price context and explicit measurement conventions.
Quoted spreads · First-level quantities · Price context