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Independent quantitative research

Quantitative research services for systematic investment teams.

Linero provides focused, independent work across strategy research, model and backtest validation, portfolio and risk analysis, and the systems that make research repeatable.

Where Linero helps

Additional research capacity with an independent point of view.

Linero works alongside investment and research teams when a question needs focused investigation, a model needs scrutiny, portfolio behaviour needs explanation, or research tooling needs to become more reliable.

The work is designed to make assumptions, evidence, limitations, and implementation choices clear enough for a team to review and use.

Areas of work

Four connected research capabilities.

Strategy research

Independent research into systematic strategies, market exposures, and investment hypotheses. Work can cover the economic rationale, data definition, signal design, empirical testing, robustness, and implementation constraints.

Typical focus

  • Economic rationale and testable hypotheses
  • Data definition, timing, and investability
  • Signal design and empirical evaluation
  • Robustness across markets, regimes, and assumptions

Purpose

A documented research view that makes the evidence, assumptions, limitations, and implementation trade-offs explicit.

Model and backtest review

Independent scrutiny of models and backtests before they inform a capital-allocation or production decision. The review focuses on whether the simulation represents information and trading conditions that could have existed at the time.

Typical focus

  • Look-ahead bias, leakage, and survivorship bias
  • Transaction costs, liquidity, and execution assumptions
  • Parameter sensitivity and multiple testing
  • Reproducibility and the path from research to live use

Purpose

A clear account of what is reliable, what remains uncertain, and which changes or further tests would materially strengthen the evidence.

Portfolio and risk analysis

Analysis of how signals become a portfolio and how risk changes across instruments, markets, and regimes. The aim is to make construction choices and hidden concentrations understandable before they reach a decision.

Typical focus

  • Portfolio construction and allocation choices
  • Factor, market, and concentration exposures
  • Regime behaviour and stress analysis
  • Attribution, model uncertainty, and risk communication

Purpose

Decision-ready analysis that connects portfolio behaviour to its underlying exposures, assumptions, and sources of risk.

Research systems

Research infrastructure that supports repeatable analysis and a reliable handoff into production. Work can span data pipelines, backtesting components, validation controls, monitoring, and documentation.

Typical focus

  • Data pipelines and research-ready datasets
  • Reusable backtesting and validation components
  • Transaction-cost, attribution, and monitoring layers
  • Testing, documentation, and maintainable handover

Purpose

A more reproducible research process with clearer controls, less manual ambiguity, and infrastructure that a team can maintain.

Frequently asked questions

What teams usually want to know.

What does an independent quantitative research consultant do?

An independent quantitative research consultant investigates investment hypotheses, reviews models and backtests, analyses portfolios and risk, and improves research infrastructure. The independent role is useful when a team wants additional scrutiny, specialist capacity, or a documented second view.

When is an independent model or backtest review useful?

A review is most useful before a model informs capital allocation, is moved into production, or undergoes a material change. It can also help when simulated and live results diverge, or when a team wants to examine data timing, leakage, costs, parameter sensitivity, and reproducibility.

Which markets does Linero have experience researching?

Linero's founder has researched strategies across foreign exchange, commodity, equity, and fixed-income futures. The work has included cross-asset research, emerging-markets FX, portfolio construction, regime and risk modelling, and research infrastructure.

Can Linero work with an existing research codebase?

Yes. Research-systems work can be scoped around an existing codebase, data pipeline, backtesting process, or monitoring layer. The emphasis is on reproducibility, clear assumptions, maintainability, and a practical handover to the team.

Does Linero provide investment advice or manage money?

No. Linero provides research and analytical services. The website does not offer investment management, and its content is not investment advice, an offer, solicitation, or recommendation to buy or sell a financial product.

How does a potential engagement begin?

A potential engagement begins with a professional enquiry by email. The initial discussion is used to understand the research question, existing evidence or systems, intended decision, constraints, and the scope of an independent piece of work.

Professional enquiries.

For professional enquiries, email Linero directly.

Email Linero