Who we serve
Find the suppliers, lenders and jurisdictions that your holdings share
Everyone reads the same filings. Two holdings can look unrelated and still depend on the same supplier, the same lender or the same jurisdiction.
Structure and exposure you can defend
Structure, exposure and a research record that shows the source and date behind each claim when somebody asks how you knew.
KXCO Round Table keeps a shared data model, called an ontology, and a record of the claims held in it. The ontology is a data model, not an AI model. Each recorded act is attributed to the person or system that took it and linked by hash to the entry before it, so a later change can be detected. A third party can check that the record has not changed since it was recorded, without relying on KXCO's word. That check does not show that the entries are true.
Written for chief operating officers and heads of risk first, and the investment team second.
We scope the sector before we look at your book
- The sector first, your positions last. Your book is the last thing we look at, not the first. The structure it sits in is what determines whether a position is concentrated.
- Then your book, against that structure. A real query result against an illustrative graph, showing where the concentration you inherit from other people's suppliers sits.
- What an outside party can check. A limited partner (LP), an auditor or a regulator can check that the record has not changed since it was recorded, without relying on you. That check does not show that the claims are true. Even so, a record that can be checked is a different asset from a report that asks to be believed.
Concentration is a relationship, not a line item
- Two holdings that look unrelated can rest on the same single supplier.
- Look-through exposure (what each holding itself depends on), coverage and jurisdiction mix come from a query that follows the relationships in the record, instead of a quarterly reconstruction.
- Each answer carries the effective date of the facts it rests on.
- Judgement is attributed to a named person rather than presented as fact.
Ask for the investment pack
Thirteen pages, written for COOs and heads of risk. Sent on request, not published. Email [email protected] and ask for the Round Table pack for investment managers.