Assume a 15 billion USD equity mandate.
1️⃣ Drawdown Delta
Max drawdown difference in sample:
– Asset-only: -16%
– IQMG governed: -11%
– Delta: 5%
5% × 15B = 750 million USD
That is capital that does not need to be rebuilt after stress.
2️⃣ Conservative Geometric Edge
Assume scale reduces edge materially. Even a modest 1% annual geometric improvement:
1% × 15B = 150 million USD per year
At 2%: = 300 million USD per year
This is not alpha marketing. This is compounding math.
3️⃣ Execution Efficiency
If governance reduces only 2–3 bps in annual slippage: 0.02% × 15B = 3 million USD per year
4️⃣ Cost vs Value
Assume enterprise license in the low-single millions per year.
Against:
– 750M potential drawdown delta
– 150–300M annual geometric delta
– 3M execution savings
The economic asymmetry is clear.
The question is not “Can it outperform?”
The question is: What is the cost of unmanaged capital at scale?
At 15B USD, even small structural improvements translate into hundreds of millions in economic impact.
That is the capital operating problem IQMG OS addresses.
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