$1bn Equity 1000 VCA

DPT Equity 1000

Phase 1: The Equity Alpha Audit (The Extraction)

1. Ingest the full Fintel universe for the target client (e.g., all 2,367 Man Group holdings).
2. Apply the Liquidity Gate (e.g., >$20M Average Daily Dollar Volume).
3. Run the BTD, STR, BQL, and MADE engines across the filtered list.
4. Rank by NPPT: Calculate the Net Profit Per Trade (Gross Edge minus Spread/Slippage/Commission) for every single stock.
5. Extract: Select the top ~1,000 stocks that yield an NPPT ≥ 0.25%. Discard the "dead weight."

• Return per Trade on Total NAV: 0.30% × 4% = 0.012% (1.2 bps)
• Total Annual Trades: 6,600
• The "X%" Annual Return: 6,600 × 0.012% = 79.2%