α1phablock
// The company behind 3N™ · Systematic investing · Toronto
We build machines that beat the market.
AlphaBlock Technologies Inc. — a research & technology licensor · powered by the 3N™ engine
// What we are
A financial-technology licensor.
We turned two decades of published research into 3N — one systematic engine that rebuilds any benchmark to beat it — and we license it to the managers, owners and platforms who run the money.
01
A methodology, not a fund. We license the engine — partners keep the fund, the clients and the custody. We never touch capital.
02
Proven, not promised. Every figure comes from a live, regulated, independently-measured mandate.
03
Built to beat any benchmark. One engine, applied across geographies, sectors and asset classes.
Live on four continents
35 E&R strategies
+8.24% weighted alpha
Listed on Nasdaq · since 2004
01 The problem & our thesis
Most benchmarks are cap-weighted — and cap-weighting throws information away.
The $50 trillion passive industry runs on one idea — market-cap weighting, traced to an 1871 price index and adopted for calculational convenience. As a stock rises it earns a bigger weight, so the benchmark buys more of it: a rich-get-richer machine that mistakes momentum for merit and quietly concentrates risk.
$50T
indexed to a convention, not a law of markets
1871
the origin of cap-weighting — a 150-year-old shortcut
~7
names now carry the risk of a 500-stock index
A benchmark should carry information. Cap-weighting strips it out — you own popularity, not knowledge. Two decades of research turned that conviction into 3N — built to beat any benchmark.
02 Our story
From a research desk to four continents.
Two decades turning one idea — that markets are a predictable, multi-state system — into a live, licensed engine.
2005
Cluj
Orpheus Capitals — original systematic research.
2014
Nasdaq
The RMIVG 20 index goes live on Nasdaq — a public, exchange-calculated track record.
2016
MIT
Recognised by MIT Fintech; presented to the Princeton–Chicago quant community.
2018
Toronto
AlphaBlock incorporated; Florina joins as co-founder. Backed by Real Ventures & MaRS.
2026
Global
Live across four continents; 35 E&R strategies; regulated PMS in India.
Along the way, the 3N index was calculated and listed on Nasdaq for 17 years (2004–21) — the methodology's longest public record.
03 The 3N™ methodology
Markets are a multi-state probability system — not a coin flip.
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N1 · Five states (S1–S5) form a live transition network; two-way probabilities update each day. When any state's level breaks below 50, the regime collapses and the chain reforms from scratch.
N1 · Probabilistic states
Every asset carries measurable odds of persistence, reversion or transition — the market as a Markov chain.
N2 · Normalisation
Value bets on reversion; cap-weighting bets on persistence. 3N measures the regime and normalises across both.
N3 · Non-linear engine
Machine Beta rebuilds the index from non-linear structural factors rather than market value — at lower tracking error.
15+ years of published research
19 peer-visible SSRN papers
Validated live independently measured
04 Case study · listed on Nasdaq
100 became 11.2× — on a live Nasdaq index.
The Nasdaq Orpheus RMI Value-Growth US 20 Index (RMIVG20) is the 3N engine's longest exchange-grade proof — calculated by Nasdaq from 2004 and listed as a live index through 2021. It grew 100 into 11.2× against 3.2× for the benchmark, and held through the −62.5% financial-crisis drawdown.
11.2×
growth of 100, 2004–2021 · vs 3.2× benchmark
17 yrs
calculated & listed by Nasdaq
+13.5 pts
ann. alpha 2004–14 · 25.2% vs 11.7%
+6.1 pts
ann. alpha 2014–21 · 18.2% vs 12.1%
Source: Nasdaq RMIVG 20 daily index values. An exchange-calculated public record — 2004–14 calculated by Nasdaq vs the S&P 100; 2014–21 listed on Nasdaq vs the Nasdaq US Benchmark. Calculated live, in public.
05 Track record
Live, regulated, and independently measured.
as of May 2026 · periods vary by mandate
live and historical records
+8.24%
annualised alpha · weighted by yrs of track
simple average +6.63% across all 12
29.07%
avg. annualised return
10 / 12
mandates beat benchmark
17 yrs
longest track record
listed 2004–21 · calculated ’04–14
12
strategies · 9 live + 3 historical
Absolute return, every strategy — benchmark base + 3N contribution, % p.a.
Benchmark
3N · live
3N · hist
Shortfall
Benchmark return
3N added (live)
3N added (historical)
Shortfall to benchmark
E&R XME VCG · USA95.59 / 73.55
E&R Romania VG · Romania49.29 / 53.49
E&R QQQ VG · USA29.47 / 28.85
Nasdaq Orpheus ’04–14 · USA ·hist25.22 / 11.69
BT Energy · Romania ·hist25.00 / 7.97
E&R Emerging Ex USA · Canada24.54 / 11.35
E&R XLU VCG · USA20.11 / 13.39
Alphabots India 100 · India19.50 / 12.34
Alphabots Mid Cap 29 · India18.52 / 16.18
Nasdaq Orpheus ’14–21 · USA ·hist18.23 / 12.14
E&R XLE VCG · USA17.03 / 22.57
E&R XLV VG · USA6.30 / 5.75
Absolute return is not alpha. E&R Romania VG returned +49% yet trailed a +53% benchmark; BT Energy's +25% cleared its +8% benchmark by 17 points. Every mandate is judged against its own benchmark · value / benchmark, % p.a.
06 The team
The people behind the engine.
Mukul Pal
Founder & CEO
Twenty-five years building quantitative strategies for active managers worldwide. He began at the Bombay Stock Exchange serving major Indian institutions, then extended his advisory practice across Europe with asset managers and the securities arms of global banks. His work has earned recognition from MIT, he has spoken at the Princeton–Chicago Quant Conference, and he was pivotal in bringing 3N to Nasdaq. Author of End of Passive Investing.
CMT
CAIA
2× MSc · Finance & Statistics
MIT-recognised
Florina Pal
Co-Founder & CTO
A technology executive and software architect with 15+ years building enterprise and financial-technology platforms. As CTO she leads AlphaBlock's investment-technology infrastructure — the the 3N™ engine, the systematic data pipelines powering its live mandates, and the long–short reconciliation systems behind them — working with data scientists on portfolio design across .NET, Python and cloud at scale. She built enterprise-automation systems in the early UiPath ecosystem before co-founding AlphaBlock in 2018.
the 3N™ engine
.NET · Python · Cloud
Ex-UiPath ecosystem
07 What we do
One engine. Every kind of client.
We rebuild any benchmark to beat it —
then deliver it turnkey over APIs —
or the client’s preferred format.
Asset owners
Pensions · endowments · family offices
A benchmark replacement, assets under allocation, or long–short SMAs — an E&R basket built to beat the benchmark you already hold.
Fund managers
Mutual funds · ETFs · portfolio managers
Mandate redesign and product innovation: we rebuild a strategy to beat its benchmark, then run it live alongside your book.
Electronic platforms
Robo-advisors · UMA platforms · brokers
Redesigned ETFs, white-label indices and pay-for-alpha products, integrated into your stack by API.
How we deliver
Turnkey construction, rebalancing and analytics over APIs — with a 60-day live sandbox to prove any mandate against its benchmark before commitment.
08 Global footprint
The engine is global. Access is local.
One methodology, delivered through locally-regulated partners — so clients anywhere are served under rules they already trust.
Mumbai
India
Right Horizons
SEBI-regulated PMS — two live funds today.
Bucharest
Romania
Tradeville
Romanian brokerage · regional distribution.
Boston
United States
Smart Leaf
US managed-account distribution.
Toronto
Canada
Ait
North American partner & home base.
Accredited clients from Milan and Zurich to London, Mumbai, Toronto, Boston and Bucharest are reached through this regulated network.
09 Risk & governance
We've de-risked this for you.
Everything a diligence team would ask is already handled — the process is transparent, the record is independent, and client capital never leaves your control.
01Custody stays with you
Client capital never moves to us. Strategies run as rules-based indices inside regulated structures — SEBI-regulated PMS and exchange-grade indices today.
02Clear IP & counterparty
The methodology is licensed by AlphaBlock Technologies Inc. under a defined agreement.
03Transparent, reproducible process
Rules-based and inspectable — grounded in 15+ years of published, peer-visible research. Your IC can interrogate every step; nothing is a black box.
04Independently measured, live track record
Performance is tracked by third parties — PMS Bazaar in India, Nasdaq for the historical index — from live client accounts, not simulations.
α1phablock
// Where this goes
Alpha you can license, measure, and trust.
AlphaBlock exists to make outperformance systematic — one engine any manager, owner or platform can run, on any benchmark, anywhere. Proven live, measured independently, and aligned so we only win when you do. When you're ready, we'll begin.
CONTACT
Mukul Pal · Founder & CEO
contact@a1phablock.com
© 2026 AlphaBlock Technologies Inc. · Your research partner in systematic investing.