Corbex Funds Management
Quantitative research. Strategies in action.
Corbex brings data engineering and quantitative research to systematic investing. We develop and run Arbiter, our US equity strategy. Its backtest shown here is a historical simulation, not live fund results.
Closed fund. Not accepting outside capital.
Historical simulation - frozen and reproducible
Growth of $1
- Arbiter
- $12.46
- NASDAQ-100 Index Proxy
- $4.70
Growth of $1, historical simulation · Monthly values · Log scale
How Corbex operates
From market data to deployed strategies.
One process connects research, manager-approved execution, and account oversight.
01
Build the evidence.
Collect and standardize point-in-time company and market data.
02
Research and test.
Develop signals and test portfolio rules, costs, and risk assumptions.
03
Execute and monitor.
Review order baskets before broker submission, then reconcile and monitor the account.
Connected U.S. market data
A deep U.S. dataset. Built for strategy research.
100 TB+ of historical trades and quotes processed. Options data and derived Greeks, plus proprietary features across options, equity fundamentals, prices and macro.
Equities & market history
Prices, volume, dividends and corporate actions put stock behavior in context.
Company fundamentals
Growth, cash flow, profitability and valuation help examine business quality and price.
ETFs & market flows
Sector, industry and cross-asset relationships reveal where market activity is shifting.
Macro, rates & credit
Economic conditions, rates and liquidity help test how a thesis behaves across environments.
Trades, quotes & microstructure
Spreads, liquidity, order imbalance and trading-flow features add detail beneath daily prices.
Options data & derived Greeks
Options data, derived Greeks and proprietary features reveal signals beyond equity prices.
Established market sources
- NYSE, Nasdaq & NMS
- Trading activity, prices and quotes
- Issuers, SEC filings & fund sponsors
- Fundamentals, earnings, filings and fund information
- Brokerage analysts & publishers
- Ratings, estimates and market context
- FRED, U.S. Treasury & Cboe
- Economic data, rates and volatility indexes
These sources feed our FinDL data lake: more than 20 datasets, loaded and checked every NYSE session.
View the data lake statusHow the data and strategy building blocks fit together
Data Algebra prepares historical evidence: selecting observations, aligning dates and calculating features. Strategy Algebra assembles rules for selection, holding, replacement and allocation.
AI agents coordinate these steps within an approved research plan and explain the outcome. Discovery explores a defined family of combinations; the plan sets the scope, and the manager approves each order basket before broker submission.
Explore Arbiter
Arbiter materials and information.
Strategy overview
The strategy we run, how it works, and the research behind it.
Explore ArbiterAccount reporting
How brokerage records become private account history and reconciled reports.
Understand account reportingHistorical simulation
Historical backtest materials. A runtime error affected these results; an updated backtest is pending.
Review the simulationInvestment philosophy
Why Arbiter combines systematic company selection with explicit market defense.
Read the philosophy
Corbex on Substack
Research notes and perspectives.
New articles are published on Substack, where readers can follow, share, and join the discussion.
- · Substack
From Model to Market: How We Automate Capital Deployment at Corbex
Theory and practice of automated trading and market execution at Corbex.
Read and discuss on Substack - · Substack
How I Select Systematic Investment Strategies
A practical framework for evaluating systematic investment strategies for managed capital.
Read and discuss on Substack
Performance
Strategy backtest and family capital account.
Arbiter is the systematic strategy we are putting into operation with our own family capital account.
Historical simulation - frozen and reproducible
Arbiter backtest · Growth of $1
Arbiter $12.46 | NASDAQ-100 Index Proxy $4.70
Scroll horizontally to explore the full chart.
The strategy we now run in the family capital account, simulated against a NASDAQ-100 index proxy.
Read the historical simulation evidenceQuestions, answered
Questions and answers.
Corbex runs systematic strategies on the founder’s family capital account. These answers cover how strategies are found, reviewed and reported.
Does Corbex accept outside capital?
No. Closed fund. Not accepting outside capital. Corbex manages the founder’s family capital account, and nothing on this site is an offer or a solicitation.
What is a strategy?
A strategy is a distinct set of backtested rules. Its signals and scoring method determine how stocks are ranked, selected and managed within risk limits.
The rules guide recurring decisions; holdings change as new data affects the rankings and risk limits.
How are strategies discovered?
Within an approved research plan, agents examine relevant market data, search for signals, build portfolio-rule variations and backtest them together.
Candidates are compared on returns, drawdowns, volatility, risk-adjusted statistics and benchmark comparisons. Their evidence, weaknesses and tradeoffs are reviewed before a strategy is deployed.
How does a strategy reach the market?
The review frequency is part of each strategy and its backtest. At each review, the rules are applied to current data to produce a target portfolio.
The manager reviews the order basket before broker submission; the account is then reconciled and monitored daily.
How should I read a backtest?
A backtest applies a strategy’s rules to historical data. It shows how the rules would have behaved, including returns, drawdowns, volatility and benchmark comparisons, not the results of actual trading.
Past performance is not indicative of future results.
Founder
Kirill Chufarov
Head of Investment Strategy
I founded Corbex to apply my experience in data engineering, machine learning, and analytics to investing my family’s capital.
I develop Arbiter and oversee its research, execution, and account monitoring.
Important information
Corbex Funds Management operates a closed family fund for the Founder’s family capital account. We research, execute and monitor Arbiter daily. No interests are offered and no capital is solicited on this site. Nothing on this site constitutes SEC registration, review, approval, or endorsement. This site is for general information, not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Arbiter performance presented here is historical simulation, not live fund results; simulated results do not represent actual trading. Any family capital account results shown are unaudited, approximate results of private family accounts, not a fund record. Past performance is not indicative of future results. Investing involves risk, including loss of principal.