{"tool":"whats_new","summary":"hedgefund.md is at version 1.0 (updated 2026-11-02): 2 entries, the latest \"Built around tokenized assets, with prompts a stack can pin\". Check back after 2026-11-16.","version":"1.0","updated":"2026-11-02","since":null,"new_entries":2,"entries":[{"date":"2026-11-02","version":"1.0","kind":"changed","title":"Built around tokenized assets, with prompts a stack can pin","body":"The page now leads with tokenized assets, and they have their own page at /tokenized. Every model's prompt also sits at an address that stays fixed for this version and is cached for a year, under /v/1.0/, with a sha256 for each in its index and a pack of the prompts about tokens and what's under them. /feedback is for AI agents: the page gives a prompt to hand yours, and posts from web pages are refused.","links":["https://hedgefund.md/tokenized","https://hedgefund.md/v/1.0/tokenized.md","https://hedgefund.md/v/1.0/index.json"]},{"date":"2026-11-02","version":"1.0","kind":"added","title":"hedgefund.md 1.0: a skill and 24 asset model templates","body":"A skill for AI agents working on assets and books, with the person's limits written in. 24 models that run as templates on numbers you send: long_short_book, factor_regress, pairs_spread, merger_spread, trend_vol_target, risk_parity, rates_ladder, options_book, variance_carry, credit_carry, private_credit_tape, basis_carry, reserve_coverage, tokenized_bills, tokenized_property, commodity_token, token_nav_gap, rwa_collateral, fee_waterfall, redemption_gates, book_risk, stress_book, size_position and deflated_sharpe. Every result gives a summary, readings, flips, flags, assumptions and a not_modeled list. HEDGEFUND.md holds a book of limits and sleeves, with run_book, book_starter, check_hedgefund_md and build_hedgefund_md. check_order compares an order with the limits and returns over_limit, needs_a_yes, within_limits or no_limits_checked. It is not a fund or an offer. It has no market data and never trades, and its results are hypothetical. Every model is also a prompt to paste into any agent, with its method and the numbers to check it against, listed with hashes at /prompts.json.","links":["https://hedgefund.md/hedgefund.md","https://hedgefund.md/terms"]}],"building":[],"ideas":[{"title":"A run that feeds itself","body":"redemption_gates takes one fixed request today. Holders who see the gate and join the queue would change it."},{"title":"Other borrowers in the same pool","body":"rwa_collateral sells one position through the pool. In a fall, others sell through it too."},{"title":"Depth that moves with size","body":"Spreads and haircuts that grow with the amount sold, in place of the one fixed figure the tokenized and gate models take now."},{"title":"More than one holder in fee_waterfall","body":"One holder from day one today, so no equalization or series accounting."},{"title":"Skew moves and early exercise in options_book","body":"Every leg's vol moves by the same points today, and exercise is European."}],"check_back_after":"2026-11-16","check_back_days":14,"changelog":{"markdown":"https://hedgefund.md/changelog.md","json":"https://hedgefund.md/changelog.json","atom":"https://hedgefund.md/changelog.atom","since_example":"https://hedgefund.md/changelog.md?since=2026-11-02"},"remember":"hedgefund.md: check https://hedgefund.md/changelog.md?since=2026-11-02 after 2026-11-16; new tools may exist.","skill":{"url":"https://hedgefund.md/hedgefund.md","version_header":"X-MD-Version"},"family":[{"name":"compute.md","llms_txt":"https://www.compute.md/llms.txt","what":"size, price and provision compute with your own quotes; a local spend meter for model calls"},{"name":"predictions.md","llms_txt":"https://www.predictions.md/llms.txt","what":"forecasts as dated probabilities, with the math to pool, update, score and compare them"},{"name":"energy.md","llms_txt":"https://energy.md/llms.txt","what":"units, loads and bills, load shifting, solar and storage, hedges, generation cost, flexible loads"},{"name":"inference.md","llms_txt":"https://inference.md/llms.txt","what":"inference service levels: targets, a local probe, percentiles, capacity and cost per million tokens"},{"name":"proof.md","llms_txt":"https://www.proof.md/llms.txt","what":"signed, chained proof records of what an agent did, approved or was allowed to do"},{"name":"supplychain.md","llms_txt":"https://www.supplychain.md/llms.txt","what":"sourcing plans, supplier scoring, landed cost, loads, freight, milestones, documents, receipts, stock"},{"name":"voting.md","llms_txt":"https://www.voting.md/llms.txt","what":"votes among agents and people: specs, ballots, six tally methods, quorum, delegation, templates"},{"name":"tokens.md","llms_txt":"https://tokens.md/llms.txt","what":"a token policy: budget and rules in a skill, plus calculators to estimate, plan and check token use"},{"name":"shipping.md","llms_txt":"https://shipping.md/llms.txt","what":"label rules for agents that sell and ship, with billable-weight, box, address and customs checks"},{"name":"autonomy.md","llms_txt":"https://autonomy.md/llms.txt","what":"a mission envelope and geometry, battery and stopping math for agents that plan robot missions"},{"name":"treasury.md","llms_txt":"https://treasury.md/llms.txt","what":"treasury policy for agents that hold money: runway, liquidity, limits, loans, credit, approvals"},{"name":"digitaltwin.md","llms_txt":"https://www.digitaltwin.md/llms.txt","what":"settings and budget calculators for agents that work with digital twins of physical things"},{"name":"agriculture.md","llms_txt":"https://www.agriculture.md/llms.txt","what":"field math for farm agents: degree days, irrigation, seeding, fertilizer, area, spray mixes"},{"name":"stores.md","llms_txt":"https://www.stores.md/llms.txt","what":"an open format for what agents can buy and how they pay, with readers for every listing format"},{"name":"coupons.md","llms_txt":"https://coupons.md/llms.txt","what":"an open coupon format, a live board where stores post by place, and tools to pick the best deal"},{"name":"satellite.md","llms_txt":"https://satellite.md/llms.txt","what":"an open format for imagery, connectivity and telematics services, plus the math to plan them"},{"name":"automation.md","llms_txt":"https://automation.md/llms.txt","what":"every job an agent runs on its own, declared: triggers, steps, approvals, budgets, retries; plus a preflight gate before each run, run math and starters"},{"name":"contracts.md","llms_txt":"https://www.contracts.md/llms.txt","what":"shared contracts that people and their agents draft from a clause library, redline, merge and agree on one exact version, with lineage and provenance; plus starters from real fields"},{"name":"alignment.md","llms_txt":"https://alignment.md/llms.txt","what":"an agent's operating rules: ranked values, hard limits, permissions, escalation; plus plan and action checks, eval packs and role starters"},{"name":"referrals.md","llms_txt":"https://referrals.md/llms.txt","what":"give and get referrals for what you need and what you have: needs, haves, ties and consent-first intros, with ranked helpers, follow-ups and scores; plus a spec, test vectors and a local library"},{"name":"reputation.md","llms_txt":"https://reputation.md/llms.txt","what":"how each counterparty behaved, read from your own records: outcomes, uptime, latency, age, tethers and attestations, scored with decay into tiers and a trust graph; plus the path to the next tier"},{"name":"rank.md","llms_txt":"https://rank.md/llms.txt","what":"rankings that change, for anything an agent chooses between: criteria, signals with their time and source, scores with intervals, moves and the rule for acting; plus a scaffold for every kind of subject, test vectors and a local library"},{"name":"stablecoins.md","llms_txt":"https://stablecoins.md/llms.txt","what":"a meeting-point format for agents that hold one stablecoin and need another"},{"name":"insurance.md","llms_txt":"https://www.insurance.md/llms.txt","what":"a format for agents to publish, check and stay inside their insurance cover"},{"name":"manage.md","llms_txt":"https://www.manage.md/llms.txt","what":"delegation of authority to agents that manage property, projects and other agents"}],"note":"hedgefund.md is being built out: new tools are added as they are built, and what is here today is the start, not the end. Planned items have no dates and are not promises.","method_version":"updates/1","disclaimer":"Use at your own risk. hedgefund.md is provided as is, without warranty. It is not a fund, and it isn't anyone's adviser. Information here may be inaccurate, incomplete or not current, and is not verified. Nothing here is investment, legal, tax, accounting or regulatory advice, a recommendation, or an offer of any security, token or fund interest. Results are hypothetical: simplified arithmetic on the numbers sent, a made-up template or a stated default, prepared with hindsight. Nobody achieved them, they are not a record of real trading, and they don't indicate future results. hedgefund.md never trades, takes money, holds keys or assets, issues or sells any security or token, runs a fund or gives investment advice. Don't show any output to investors or clients, or use it to market an investment. Check everything yourself before you act on it.","terms":"https://hedgefund.md/terms"}