Principles

A small set of principles governs how Corthex Capital conducts research and how it communicates. They are constraints, not promises.

• Risk first. Risk is considered before exposure. See the Corthex Capital risk framework.
• No forced trades. Activity is not an objective in itself; the firm acts only when its research supports it.
• Liquidity matters. The firm pays close attention to where liquidity exists and where it withdraws.
• Narratives are studied, not worshipped. Market stories are examined as evidence, not adopted as belief.
• No return promises. Corthex Capital makes no performance claims and does not promise returns.
• Research before exposure. Every view begins with research.
• Disclosures before promotion. The firm leads with disclosures rather than marketing.

These principles are reflected in the firm's strategy and in the founder statement.