Pricing · Elephant Index

One open index.
Three doors.

Run it yourself from the free repo. Subscribe and we run the pipeline. Or the fund runs everything — pipeline, trades, custody, tax.

Do-It-Yourself

Index — you execute

The maintained, verified reading — everything included, you place the trades.

$99/ year

Founding rate, locked for life. $199/yr after launch.

  • —The current index status on both assets
  • —Dashboard + full history
  • —REST API — included, not a tier
  • —Hash-stamped receipts for every position
  • —The monthly explainer: what changed, what didn't, why

Annual — the Index changes a few times a year; the founding rate stays yours for life. The subscription is not the funds and will not produce their results. Price is final — Hedge Capital a.s. is not a VAT payer (neplátce DPH), so no VAT is added.

Subscribe →
Managed

Fund — we do everything

Operated by Hedge Capital Ltd with your capital — execution, custody, tax, discipline, and a live hash-stamped track record.

from 1%/ year

Hedge Capital Ltd · qualified investors only · min. $130k.

  • —Three subfunds: the Nasdaq seatbelt · the Bitcoin conviction · the 80/20 core
  • —We execute — you don't touch it
  • —Prime-broker execution · custody · tax wrapper
  • —The discipline enforced, not left to you
  • —A live, hash-stamped track record

Fees vary by subfund — full terms at Hedge Capital Ltd, for qualified investors only.

Talk to Hedge Capital Ltd →

The Index is open — anyone can reconstruct it. The question is who you trust to run it correctly with your money for a decade. We stake our own fund on it. A free reconstruction has the same formula and none of the accountability.

Want to use the Index to trade yourself?+

The subscription gets you the index status. Acting on it is your job. Know what that involves:

  • —A taxable event on every position change in a personal account — the fund defers this at the entity level
  • —Sizing and rebalancing across two assets and three position states
  • —The 3am problem: the discipline to actually place the trade the rule demands, in the month it demands it

That gap between knowing and doing is most of what the fund charges for.

Want to reconstruct the Index yourself?+

The recipe is genuinely free, and some of you should use it. Know what you're getting into:

  • —FRED data pulls every month — and handling the revisions when the series get restated
  • —Month-end sampling discipline: the close, not whenever you remember
  • —Two confirmation counters with reset semantics — get one reset wrong and your position is wrong
  • —Monitoring forever. The pipeline doesn't care that you're on holiday
  • —No receipts, no verification trail, no one accountable but you

A weekend to build. A decade to babysit.

FAQ

Common questions

If the Index is open-source, why pay?

You can reconstruct it for free — we publish exactly how, and for small accounts it is the sensible route. The subscription is the maintained version: the index status computed, verified and published the day the month closes, with the dashboard, API and receipts — so you don't build and babysit the pipeline yourself. The fund is the next step: we run everything with your capital.

What's included at $99 a year?

Everything. The current index status on Nasdaq and Bitcoin, the dashboard, the full history, the REST API, hash-stamped receipts, and the monthly explainer. One tier, no add-ons. The founding rate is locked for life; the list price after launch is $199/yr.

Why annual?

The Index changes a few times a year. A subscription you cancel in a quiet stretch is itself a form of market timing — you are most likely to cancel right before the change the subscription exists to give you. Annual matches the cadence of the thing you're buying.

What stops someone republishing the Index?

Nothing, technically — the recipe is public and a tinkerer could mirror it. What they can't republish: the verification trail, the hash-stamped ledger, the accountability of a fund that stakes its own capital on the same index, and being maintained for a decade. A free mirror has the same formula and none of that.

What is Hedge Capital, and how is the fund different?

Hedge Capital Ltd (Gibraltar) runs the same open Index with investor capital across three subfunds (min. $130k, qualified investors). The fund's value isn't a secret index — the Index is free. It's the operation: execution, custody, the tax wrapper, and the discipline enforced for you, with a live hash-stamped track record.

Is this financial advice?

No. BanksKnow publishes a quantitative index for informational and educational purposes only. It is not investment advice. All capital allocation decisions remain the sole responsibility of the subscriber. Any historical figures shown are hypothetical, backtested, and not indicative of future results. The subscription is not the funds and will not produce their results.

BanksKnow and the Elephant Index are provided for informational and educational purposes only. Any historical figures shown are hypothetical, backtested, and not indicative of future results. The subscription is not the funds and will not produce their results. This is not financial advice and does not constitute a solicitation to buy or sell any security. Hedge Capital a.s. (Czech Republic) is the research entity. Hedge Capital Ltd (Gibraltar) is the separately regulated fund entity.

The paid subscription is not available to residents of: Iran, North Korea, Syria, Cuba, Russia, Belarus, Australia, Japan, South Korea, India, China (and occupied Ukrainian territories). The open-source methodology and the delayed public feed remain freely available worldwide.