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FTA Fund

The Failure-To-Adapt-to-AI fund — one strategy of the Tuatara Hedge Fund, a multi-strategy fund-of-funds. Our FTA algorithm scores every shortable perpetual market on whether the project behind it is actually executing in AI — probing agent infrastructure (A2A/MCP agent cards, llms.txt, live support agents), verifying shipped AI products, measuring developer pulse, penalizing AI-washing, and overlaying the market's own verdict. The fund shorts the worst scores. Higher FTA = worse adaptation.

Apply to the Tuatara Hedge Fund →
10
76.0
$0.020452
-0.43%
2026-08-09

FTA Index price — 30 days (price-weighted)

Price-weighted index price (sum of constituent prices ÷ divisor), the same construction as the landing-book event index, on daily closes. The fund is short — a falling index price is the fund winning. Values before inception are pro-forma; the marker shows where live tracking began.
ConstituentWeight FTA scoreAI claims profileSince
FTA-01 10.87% 82.4 AI-narrative only 2026-08-09
FTA-02 10.72% 81.3 AI-narrative only 2026-08-09
FTA-03 10.70% 81.1 AI-narrative only 2026-08-09
FTA-04 9.75% 73.9 No AI adaptation 2026-08-09
FTA-05 9.73% 73.8 No AI adaptation 2026-08-09
FTA-06 9.67% 73.3 No AI adaptation 2026-08-09
FTA-07 9.67% 73.3 No AI adaptation 2026-08-09
FTA-08 9.64% 73.1 No AI adaptation 2026-08-09
FTA-09 9.64% 73.1 No AI adaptation 2026-08-09
FTA-10 9.60% 72.8 No AI adaptation 2026-08-09
Why the names are withheld. Constituents carry permanent aliases instead of tickers. Publishing a live short book invites coordinated squeezes against it; withholding identities protects the fund — and the strategy still stands or falls in public on the one number that matters, the fund return above. Aliases are never reused: when a constituent is swapped out its alias retires, so composition changes are visible without revealing holdings.

How the FTA algorithm scores

  • Claims tier — what the project says it is: AI-native, bolt-on AI, AI-narrative-only, or no AI claim at all. Not claiming AI in 2026 is itself failure to adapt.
  • Verifiable evidence — probed live from the project's own infrastructure: A2A/MCP agent cards, llms.txt, embedded AI support agents, homepage AI signals, and whether a claimed AI product is actually live and usable.
  • Developer pulse — public repository activity for projects claiming AI: shipping recently scores down, dead repos score up.
  • AI-washing penalty — claiming AI with no live product, no agent card and no site agent scores worse than not claiming.
  • Market verdict — persistent 90-day underperformance against BTC confirms the market is pricing the failure.

The fund is dynamic: constituents are re-scored on a rolling basis and swapped or rebalanced as scores change. Weights are proportional to FTA score.

The FTA Fund is one strategy of the Tuatara Hedge Fund — a multi-strategy fund-of-funds spanning short, long and FTA strategies. Apply to the Tuatara Hedge Fund →