Intelligent Alpha

The AI makes every security-selection decision. Three LLM-powered personas — Value, Growth, and Opportunistic — debate and vote on portfolio positions each month. Doug Clinton and Clinton Warren set the strategic architecture and manage the technology layer, but they do not override the committee's picks. The ETF prospectus filed with the SEC names the LLM system as the portfolio manager (per the firm, 2025).

The firm uses frontier models from OpenAI (GPT), Anthropic (Claude), and Google (Gemini) to power distinct investment personas. Each persona receives a unique prompt defining its investment philosophy, risk tolerance, and analytical framework. The models are orchestrated to debate picks and reach consensus, with a Python optimization layer handling position sizing and execution.

Both. The firm launched the Intelligent Alpha Global Growth Equity ETF (AOYA) in February 2025, available to any retail investor with a brokerage account. It also manages a private hedge fund vehicle for accredited and institutional investors, running a substantially similar strategy.

The strategy invests in large-cap global equities with a bias toward Technology, Financials, Healthcare, and Consumer Discretionary. The portfolio is high-conviction, holding 15 to 25 names at any time. Research coverage spans approximately 1,000 global companies, with the models selecting the top ideas from that universe each month (per the firm, 2025).

The firm employs a multi-model architecture specifically to mitigate single-model errors. Three different models from three different labs (OpenAI, Anthropic, Google) debate each position; a pick must survive cross-examination before entering the portfolio. The Python overlay enforces concentration limits and sector constraints regardless of what the models propose. The firm has also published its full prompt chain for external audit.

Doug Clinton (CEO) and Clinton Warren (CIO) co-founded the firm in 2023. Both previously worked at Loup Ventures, a deep-tech venture firm. Clinton ran a technology-focused hedge fund at Loup; Warren came from quantitative portfolio management. Neither came from a traditional large-asset-manager background, which shaped their willingness to build an AI-native investment process from scratch.

The ETF strategy (AOYA) launched in February 2025, so live audited performance history is limited to the post-launch period. The firm published backtested performance data as part of the SEC filing. The co-founders have stated they intend to make the AI committee's decisions fully transparent over time, starting with the public release of their prompt architecture in September 2024.