Your Research Agent Is an Undisclosed Factor Exposure — And So Is Everyone Else’s

In May I published a case study on running alpha research through a team of LLM agents: four roles, instrumented handoffs, and roughly a 2× lift in hypotheses tested per week. The post was careful about what it measured. It was silent about a risk I had not thought to price. Here is the risk. … Continue reading "Your Research Agent Is an Undisclosed Factor Exposure — And So Is Everyone Else’s" The post Your Research Agent Is an Undisclosed Factor Exposure — And So Is Everyone Else’s appeared first on QUANTITATIVE RESEARCH AND TRADING .