Custom risk models for institutional portfolios.

January Fourth is a private quantitative research firm. We build custom risk models, and we review the ones you already run, in-house or from a vendor.

The firm

A small group of researchers building custom risk models. Independent of any bank or fund.

Custom

Every model is built around one client's portfolio, data, and horizon.

Yours to keep

Models come with their assumptions and documentation, and run in-house once we hand them over.

What we do

Custom factor and covariance models, fit to your universe and horizon. We also validate existing models and take on commissioned research.

Risk model construction

We build factor models, estimate covariance, and design stress tests for funds, allocators, and trading desks.

Independent validation

We review in-house and vendor models, covering specification, estimation, and failure modes. We write the review for your investment committee.

Commissioned research

You bring a specific question, like a factor that stopped paying or a correlation that only breaks in a selloff, and we chase it down in your data.

Contact

Tell us about your book.

research@januaryfourth.com