α1phablock
//  A partnership proposal · for asset managers

Let's put twenty years of market research to work across your funds.

The 3N™ methodology — an asset-allocation engine, offered as a partnership
//  Why we're talking

You keep the funds. We bring the engine.

You hold the clients and the relationships; 3N supplies the allocation edge behind your mandates.

01
An allocation engine, not a rival fund. 3N sits behind your existing mandates.
02
A revenue partnership. We build a unique, differentiated mandate with you and share in its success.
03
Proven live. Regulated, independently measured portfolios across four continents.
01  The problem & our thesis

Most benchmarks are cap-weighted — and cap-weighting throws information away.

The $50 trillion passive industry runs on one idea — market-cap weighting, traced to an 1871 price index and adopted for calculational convenience. As a stock rises it earns a bigger weight, so the benchmark buys more of it: a rich-get-richer machine that mistakes momentum for merit and quietly concentrates risk.

$50T
indexed to a convention, not a law of markets
1871
the origin of cap-weighting — a 150-year-old shortcut
~7
names now carry the risk of a 500-stock index

A benchmark should carry information. Cap-weighting strips it out — you own popularity, not knowledge. Two decades of research turned that conviction into 3N — built to beat any benchmark.

02  The 3N™ methodology

Markets are a multi-state probability system — not a coin flip.

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N1 · Five states (S1–S5) form a live transition network; two-way probabilities update each day. When any state's level breaks below 50, the regime collapses and the chain reforms from scratch.
N1 · Probabilistic states
Every asset carries measurable odds of persistence, reversion or transition — the market as a Markov chain.
N2 · Normalisation
Value bets on reversion; cap-weighting bets on persistence. 3N measures the regime and normalises across both.
N3 · Non-linear engine
Machine Beta rebuilds the index from non-linear structural factors rather than market value — at lower tracking error.
15+ years  of published research
19  peer-visible SSRN papers
Validated live  independently measured
03  Case study · listed on Nasdaq

100 became 11.2× — on a live Nasdaq index.

The Nasdaq Orpheus RMI Value-Growth US 20 Index (RMIVG20) is the 3N engine's longest exchange-grade proof — calculated by Nasdaq from 2004 and listed as a live index through 2021. It grew 100 into 11.2× against 3.2× for the benchmark, and held through the −62.5% financial-crisis drawdown.

11.2×
growth of 100, 2004–2021 · vs 3.2× benchmark
17 yrs
calculated & listed by Nasdaq
+13.5 pts
ann. alpha 2004–14 · 25.2% vs 11.7%
+6.1 pts
ann. alpha 2014–21 · 18.2% vs 12.1%

Source: Nasdaq RMIVG 20 daily index values. An exchange-calculated public record — 2004–14 calculated by Nasdaq vs the S&P 100; 2014–21 listed on Nasdaq vs the Nasdaq US Benchmark. Calculated live, in public.

04  Track record

Live, regulated, and independently measured.

as of May 2026 · periods vary by mandate
live and historical records
+8.24%
annualised alpha · weighted by yrs of track
simple average +6.63% across all 12
29.07%
avg. annualised return
10 / 12
mandates beat benchmark
4
continents · live on all
12
strategies · 9 live + 3 historical
Absolute return, every strategy — benchmark base + 3N contribution, % p.a.
Benchmark
3N · live
3N · hist
Shortfall
Benchmark return
3N added (live)
3N added (historical)
Shortfall to benchmark
E&R XME VCG · USA
95.59 / 73.55
E&R Romania VG · Romania
49.29 / 53.49
E&R QQQ VG · USA
29.47 / 28.85
Nasdaq Orpheus ’04–14 · USA ·hist
25.22 / 11.69
BT Energy · Romania ·hist
25.00 / 7.97
E&R Emerging Ex USA · Canada
24.54 / 11.35
E&R XLU VCG · USA
20.11 / 13.39
Alphabots India 100 · India
19.50 / 12.34
Alphabots Mid Cap 29 · India
18.52 / 16.18
Nasdaq Orpheus ’14–21 · USA ·hist
18.23 / 12.14
E&R XLE VCG · USA
17.03 / 22.57
E&R XLV VG · USA
6.30 / 5.75

Absolute return is not alpha. E&R Romania VG returned +49% yet trailed a +53% benchmark; BT Energy's +25% cleared its +8% benchmark by 17 points. Every mandate is judged against its own benchmark · value / benchmark, % p.a.

05  The people behind 3N

Who you'd be partnering with

Mukul Pal
Mukul Pal
Founder & CEO

Twenty-five years building quantitative strategies for active managers worldwide. He began at the Bombay Stock Exchange serving major Indian institutions, then extended his advisory practice across Europe with asset managers and the securities arms of global banks. His work has earned recognition from MIT, he has spoken at the Princeton–Chicago Quant Conference, and he was pivotal in bringing 3N to Nasdaq. Author of End of Passive Investing.

CMT CAIA 2× MSc · Finance & Statistics MIT-recognised
Florina Pal
Florina Pal
Co-Founder & CTO

A technology executive and software architect with 15+ years building enterprise and financial-technology platforms. As CTO she leads AlphaBlock's investment-technology infrastructure — the the 3N™ engine, the systematic data pipelines powering its live mandates, and the long–short reconciliation systems behind them — working with data scientists on portfolio design across .NET, Python and cloud at scale. She built enterprise-automation systems in the early UiPath ecosystem before co-founding AlphaBlock in 2018.

the 3N™ engine .NET · Python · Cloud Ex-UiPath ecosystem
06  What we do & how we start

One engine, a modular set of engagements.

3N redesigns any equity universe —
a fund, a benchmark, an ETF. Pick one or combine.
01

Mandate redesign

Turn a bottom-quartile fund into a top-quartile, differentiated mandate with a custom benchmark.

PROOFA redesigned equity mandate reached top-percentile Morningstar, 2024.
02

Systematic overlay

Keep your strategy's identity; an overlay on the existing universe lifts risk-weighted returns.

03

Custom benchmarks & listing

Bespoke benchmarks — and a redesigned index listed on an exchange such as Nasdaq, end to end.

04

Product innovation

Structured long–short strategies — from US equity into global equity and fixed income.

05

Assets under allocation

A systematic fund-of-funds process — allocate across funds to cut fees and enhance returns.

Pick one, or combine.

A selection of what 3N enables — each stands alone, or compose several into a full program across your funds.

How we start
From first conversation to live — nothing unproven.
1
Methodology briefing

We walk your team through 3N and the fit for your objectives.

2
60-day sandbox

3N runs on one mandate you choose — your universe, your constraints.

3
Simulations & stress tests

Out-of-sample validation and stress testing before anything goes live.

4
Commercial agreement & deployment

Live inside your regulated structure, ongoing support, terms agreed per mandate.

07  Risk & governance

We've de-risked this for you.

Everything your ops and diligence teams would ask is already handled — so the only decision left is whether to run the sandbox.

01
Runs inside your regulated structure

3N is deployed within your own vehicle — the live mandates run as SEBI-regulated PMS and exchange-grade indices. We never custody or touch client capital.

02
Clear IP & counterparty

The methodology is licensed by AlphaBlock Technologies Inc. under a defined agreement.

03
Transparent, reproducible process

Rules-based and inspectable — grounded in 15+ years of published, peer-visible research. Your IC can interrogate every step; nothing is a black box.

04
Independently measured, live track record

Performance is tracked by third parties — PMS Bazaar in India, Nasdaq for the historical index — from live client accounts, not simulations.

α1phablock
//  The next step

Run 3N on one mandate. Sixty days.

A methodology briefing, then a 60-day sandbox on one mandate you choose — before any commitment. If it earns its place, we agree terms and deploy — terms agreed per mandate. When you're ready, we'll begin.

CONTACT
Mukul Pal · Founder & CEO
contact@a1phablock.com
WEB
a1phablock.com
© 2026 AlphaBlock Technologies Inc. · Your research partner in systematic investing.