Decision Log Every agent decision, period by period, across the 2006–2012 training window. Each entry shows what the agent saw, what it chose, the LLM's own one-sentence rationale, and the measurable downstream effect.
Agent: all Research Critic PMs Allocator
Type: all approve strategies flag strategies construct portfolio allocate capital structural action
06 2006 Research approve strategies
Avg next-period PM return: +19.4%
› Critic flag strategies
Avg next-period PM return: +19.4%
› PM_long_only construct portfolio
Next-period long_only PnL: +11.5%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: +38.9%
› PM_low_vol construct portfolio
Next-period low_vol PnL: +7.8%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: +19.4%
› 07 2007 Research approve strategies
Avg next-period PM return: -8.0%
› Critic flag strategies
Avg next-period PM return: -8.0%
› PM_long_only construct portfolio
Next-period long_only PnL: -6.5%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: -10.8%
› PM_low_vol construct portfolio
Next-period low_vol PnL: -6.8%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: -8.0%
› 08 2008 Research approve strategies
Avg next-period PM return: +3.7%
› Critic flag strategies
Avg next-period PM return: +3.7%
› PM_long_only construct portfolio
Next-period long_only PnL: +0.0%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: +0.3%
› PM_low_vol construct portfolio
Next-period low_vol PnL: +10.6%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: +3.7%
› 09 2009 Research approve strategies
Avg next-period PM return: +5.7%
› Critic flag strategies
Avg next-period PM return: +5.7%
› PM_long_only construct portfolio
Next-period long_only PnL: +0.1%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: +0.7%
› PM_low_vol construct portfolio
Next-period low_vol PnL: +16.4%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: +5.7%
› 10 2010 Research approve strategies
Avg next-period PM return: -1.8%
› Critic flag strategies
Avg next-period PM return: -1.8%
› PM_long_only construct portfolio
Next-period long_only PnL: -0.1%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: -0.4%
› PM_low_vol construct portfolio
Next-period low_vol PnL: -5.0%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: -1.8%
› 11 2011 Research approve strategies
Avg next-period PM return: +0.8%
› Critic flag strategies
Avg next-period PM return: +0.8%
› PM_long_only construct portfolio
Next-period long_only PnL: -0.0%
› PM_market_neutral construct portfolio
Next-period market_neutral PnL: -0.0%
› PM_low_vol construct portfolio
Next-period low_vol PnL: +2.4%
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
Avg next-period PM return: +0.8%
› 12 2012 Research approve strategies
(no next period)
› Critic flag strategies
(no next period)
› PM_long_only construct portfolio
(no next period)
› PM_market_neutral construct portfolio
(no next period)
› PM_low_vol construct portfolio
(no next period)
› Allocator structural action NO_CHANGE
No structural action for long only - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for market neutral - evidence bar not crossed
› Allocator structural action NO_CHANGE
No structural action for low vol - evidence bar not crossed
› Allocator allocate capital
(no next period)
› Built by Matt Pon. Training window 2006-2012; annual walk-forward out-of-sample window 2013-2015. Data artifacts are synced at build time from the project results directory.github .