The mandate

The policy governing your capital — written down, visible, and enforced.

In professional investing, capital rarely changes hands with a shrug — the relationship is written down, in a mandate or an investment policy statement: how much is committed, how much risk is tolerable, and what performance is measured against. Quantreno gives every account that same layer and calls it what a desk would: the mandate.

Your mandate carries your committed capital — the pool every book draws on — the enforced risk budget (a total exposure cap, a daily loss limit, a drawdown pause), the staking policy the desk sizes from (the Kelly multiplier, the exploration stake, the governor curve), and your default benchmark. Every order is checked against it at placement: a trade that would breach the policy is refused, not just flagged.

You edit the mandate on its own page inside the app. The AI reads it and works within it; it can never change it.

The words on this page

Mandate: The policy governing your capital — what's committed, risk limits, benchmark. Paper and Live each hold their own.; The client-policy layer above your books: committed capital, the enforced risk budget (exposure cap, daily loss limit, drawdown pause, same-instrument concentration warning), and the default benchmark. Paper and Live each hold their own mandate. Edited only on the Mandate page — the AI reads it but can never change it.
Benchmark: What performance is compared against — the mandate sets the default; a book can override it.; The comparison index for performance. The mandate carries the policy default (SPY unless you change it — a broad-market yardstick that fits directional equity books better than market-neutral or event ones); an individual book's configuration can override it.
Pool: Your mandate's committed capital. You split it into your books' amounts, inside the cash limit; the rest is the reserve.; Declared once on the mandate (seeded at signup) and edited there. Each book's allocation takes its amount from the pool, and your books' amounts together stay inside the cash limit. The pool outside the limit is the reserve: no book uses it, and it is cash for margin calls. The desk sizes each book inside its allocation, and at placement the mandate's limits bound every order.
Staking policy: How the desk sizes from records, stated once: the Kelly multiplier, the exploration stake, and the governor curve.; Lives on the mandate beside the pool — one policy per environment, never book configuration. The Kelly multiplier scales record-sized stakes (50 is half-Kelly); the exploration stake is what an unproven method may place; the governor curve scales sizes down as drawdown deepens. The desk applies it at every solve; you edit it on the mandate page.