The Firm

Corthex Capital is a global markets company focused on emerging technology, digital assets and disciplined risk-driven research.

Overview

Corthex Capital studies global markets through the lens of structure, liquidity and emerging technology. The firm's purpose is to understand how markets form, how new asset classes mature, and how risk should be measured before any exposure is considered. Corthex Capital was founded by Jan Formánek, Founder & CEO of Corthex Capital.

Focus areas

The firm concentrates its research on a small number of areas where structure and technology are still forming:

• Global market structure and the mechanics of price formation.
• Global markets and digital assets as an emerging part of market structure.
• Emerging technology, including AI systems and institutional infrastructure.
• Liquidity and the conditions under which it appears and withdraws.

Research discipline

Corthex Capital treats research as the work that precedes any view. Narratives are studied rather than adopted, and conclusions are expected to be revised as evidence changes. The firm's approach to publishing is described in research and governed by its principles.

Risk-first approach

Risk is considered before exposure, not after. The Corthex Capital risk framework sets out how the firm thinks about drawdown, liquidity and the limits of any single view. The firm makes no performance claims and does not promise returns.

Strategic relationships

Corthex Capital maintains a strategic relationship with Lawie Labs focused on AI systems, institutional infrastructure and emerging technology research.

Leadership

The firm is led by Jan Formánek, Founder & CEO of Corthex Capital. His view of the firm's purpose is set out in the founder statement.