Portfolio role
Compare correlation regimes, downside co-movement, and rebalance conditions.
DIGITAL ASSETS · MULTI-ASSET RESEARCH
Study the asset, the portfolio, and the path to implementation.
My work examines crypto risk and return in a multi-asset setting. The investment conclusion has to remain credible after liquidity, custody, regulation, and operating constraints enter the frame.
Evidence design
Bring market data, on-chain activity, and regulatory information into one research trail.
Implementation
Promote liquidity, custody, and operating clocks into the conclusion.
RESEARCH ARCHITECTURE
Classification desk
Classification is a research tool: separate the return source, risk carrier, and observable evidence.
Return sourceAdoption, settlement demand, network use, risk premium
Risk carrierMarket, protocol, counterparty, regulation, operations
EvidencePrice structure, on-chain activity, liquidity, public disclosure
Recent notes
Browse all notesCorrelation Is a Regime, Not a Label
A portfolio view of crypto assets needs more than a full-sample coefficient. It needs an account of when co-movement changes and what may be driving it.
7 min readMap Liquidity from Screen Price to Exit Path
Institutional execution depends on more than reported turnover. Depth, dealer balance sheets, settlement rails, and internal operating windows can fail at different speeds.
8 min readCustody Changes the Investable Question
Theoretical exposure is not the same as an implementable position. Account design, key governance, asset support, and operating hours reshape the opportunity set.
7 min readPROFILE
Research profile
London, United Kingdom
Current work
Senior Investment Research Analyst, Digital Assets
Fidelity International · Full-time
- Research the risk-return characteristics of crypto assets in multi-asset portfolios
- Track market structure, on-chain activity, and regulatory change
- Build asset classification and scenario analysis frameworks
- Support investment committee and product teams with research
Education
Fudan University
Master of Economics · Finance
2016–2019
CONTACT
Contact
Open to thoughtful exchanges on digital-asset research, portfolio frameworks, and institutional implementation.