Disclosure policy

Project Perihelion publishes research and trade ideas, and separately runs a desk with its own capital. When we publish an idea, the desk holds no position in that security, and we never publish an idea on a security the desk holds. The desk may take a position in a security after we have written about it; if it does, that call is sealed on our public ledger when it is taken and revealed when it closes, like every desk call. Every idea is timestamped and hashed when it is published and scored when it closes, losses included. Nothing here is personalized investment advice: it is general research and opinion, we know nothing about your circumstances, and any decision to act on it is yours.

Ideas and the desk’s own positions

• No overlap at publication. When we publish an idea, the desk holds no position in that security. Every idea records this as “Desk position at publication: none”, sealed into its hash.
• We never write about what the desk holds. Nothing on this site, in the newsletter or on our social accounts names a security the desk currently holds.
• Desk calls are sealed, then revealed. If the desk takes a position after we have written about a security, that call goes on the ledger as a hash when it is taken and is revealed in full when it closes, like every desk call.

The record

• Every idea is sealed with a SHA-256 hash when it is published, and never edited afterwards. Corrections are added as dated updates.
• Every idea is closed and scored, including losses, and stays on the track record for good.
• Every desk call is on the sealed ledger as a hash when it is taken, and revealed when it closes.
• Performance numbers come from the data files. We don’t estimate, backfill or round in our favour. Where data is missing, the site says so.

Not personalized advice

Everything here is general research published to everyone at the same time. None of it is tailored to anyone. We know nothing about your finances, goals or risk tolerance, and we never tell anyone how much to buy or sell. Ideas can and do lose money. Past results do not predict future results. If you act on anything here, that decision is yours. Consider talking to a licensed adviser who knows your situation.

What we never publish

Position sizes, open positions (until they close), thresholds, analog sets, prompts, the desk’s code, or details of its infrastructure.

This site

This is a static site. It has no accounts, no comments, no database and no analytics cookies. Hash verification runs entirely in your browser.

See how we prove it for how ideas are sealed and scored.