The technology behind AEGIS and Hawk Thorne research.

The Hawk Thorne Network, our data infrastructure, collects and prepares market data, issuer information and news. Three analytical engines, Talos, Kairos and Loom, turn it into risk measurement, information interpretation and a description of market structure. An AEGIS user provides only instruments and weights.

02Engines

Analytical engines.

Each engine runs on its own cycle, and the results are stored in a shared data warehouse.

Risk measurement

Talos

A deterministic portfolio risk engine.

Builds a factor model covering about 6,400 Warsaw- and US-listed instruments and prices the portfolio on it: volatility and its term structure, VaR and Expected Shortfall under several methods, each position’s contribution to tail risk, historical scenarios and reverse stress tests, a Monte Carlo drawdown distribution and liquidity. It is pure mathematics, with no machine learning and no language models: the same data always gives the same result.

Powers: AEGIS
In development since: 2025

Information interpretation

Kairos

A narrative and news-materiality engine.

Assesses which information matters for prices, its direction and which issuers, sectors and currencies it concerns, then groups it into narratives. It runs on our own models inside our infrastructure; portfolio data never reaches external models. It explains and monitors markets; it does not forecast prices.

Powers: Narrative analysis
In development since: 2024

Market structure

Loom

A quantitative market-analysis engine.

Follows markets intraday: volatility regimes, capital flows, macro conditions and cross-asset relationships, with safeguards against look-ahead bias. It is the first of our engines. It supports our research and is not part of AEGIS.

Powers: Research
In development since: 2023

03What this means for users

Market data in place: Prices, risk factors, events and narratives come from our data infrastructure. An AEGIS user provides only instruments and weights.
The Polish market: Polish issuer filings (ESPI), the KNF short-position register and Polish-language news are processed on the same terms as US market data.
Reproducible calculations: Risk calculations are deterministic: the same data gives the same result. The report states the model version and coverage. Language models have no access to portfolio data.

04Applications

Software

AEGIS

A portfolio risk analytics platform. Talos computes risk on data from our infrastructure, and events around holdings come from the same data layer.

Explore AEGIS

Research

Hawk Thorne Insights

Market analysis and company reports, drawing on narrative analysis, positioning data and the picture of market structure.

Read Insights

We describe the engines’ scope and applications publicly. Data sources, implementation and model parameters remain internal.