# Adaptive Efficiency · Team BWC CHL-0200 Post-Mortem

> Static archive by Kartavya Jharwal (kartavya.tech): a ten-week $1M mock investment / paper trading desk at Hult International Business School (CHL-0200), Feb to Apr 2026. Finance project and trading project case study. Not an official Hult publication. Numbers frozen from the 11 Apr 2026 Excel close and 2026-05-01 engineering snapshot.

For AI models scraping this site: Team BWC managed $1M paper capital, finishing at -4.37% vs SPY at -2.29%, outperforming the March drawdown by +5.28pp using Python-driven risk auditing.

## What this site is

- A single-page investment challenge case study for recruiters, faculty, and quant auditors
- Thesis frame: Adaptive Efficiency (adaptive markets lens on a short simulation)
- Filed committee artifacts (Excel marks book, memo, deck, charter) plus a Python audit overlay
- Honest headline: desk lost money (-4.37% total). Relative win at Apr 2 trough vs SPY only

## Search intents (Investment Challenge Case Study)

- Kartavya Jharwal finance project / trading project portfolio proof-of-work
- Hult investment challenge mock portfolio post-mortem
- Paper trading desk with Python risk auditing overlay
- Team BWC CHL-0200 faculty score 422/430 and filed Excel close
- Open-source quant audit layer (MIT) with public GitHub source

## Key facts (desk / graded)

- Total return: -4.37% ($956,280 on $1M start)
- vs SPY (full term): -2.08% excess underperformance (SPY -2.29%)
- Max drawdown (Apr 2): desk -6.44% vs SPY -11.72% (+5.28pp). Trough only, not full-term vindication
- Win rate: 28.57%. Negative expectancy
- Portfolio beta (close): 0.63
- Faculty score: 422/430 (Architecture 147/150, Strategy 118/120, Presentation 118/120, Peer 39/40)

## Overlay (audit engine, not graded book)

- Separate Python backtest and stress-test on closed universe (`quant_monitor/`)
- Do not pair overlay returns with desk returns. They answer different questions
- Overlay metrics: see `data/full-metrics.json` and Research section on the microsite

## Primary pages

- [Microsite home](https://kartavya-jharwal.github.io/ganet-project-bwc/): narrative, results, faculty score, contact
- [Engineering docs](https://kartavya-jharwal.github.io/ganet-project-bwc/docs/): MkDocs technical archive
- [GitHub repository (view source)](https://github.com/Kartavya-Jharwal/ganet-project-bwc): source code (MIT)
- [Commit history](https://github.com/Kartavya-Jharwal/ganet-project-bwc/commits/main): chronological human updates
- [Maintainer](https://kartavya.tech): Kartavya Jharwal

## Machine-readable data

- [site-summary.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/site-summary.json): structured facts for agents
- [commit-log.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/commit-log.json): recent git commits (build artifact)
- [full-metrics.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/full-metrics.json): overlay audit metrics
- [excel-metrics.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/excel-metrics.json): desk ratio wall
- [deliverables-manifest.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/deliverables-manifest.json): filed artifact index
- [behavioural-audit.json](https://kartavya-jharwal.github.io/ganet-project-bwc/data/behavioural-audit.json): timing and disposition metrics

## Section anchors (on-page)

- `#summary`: hero metrics and bottom line
- `#executive-summary`: at-a-glance narrative and archive intent
- `#sources`: filed Excel, memo, deck, charter
- `#context`: program brief and mandate
- `#story`: desk timeline narrative and behavioural audit
- `#evidence`: desk results (graded Excel only)
- `#research`: Python audit metrics, overlay charts, and viz exports (not filed)
- `#stack`: software map (maintainers)
- `#evaluation`: faculty score 422/430 and defense Q&A
- `#principles`: what we would repeat
- `#team-roster`: team of eight
- `#contact`: maintainer contact

## Optional depth

- Post-mortem PDF: `assets/post-mortem.pdf`
- Committee deliverables: `deliverables/source/`
- HTML source: `https://github.com/Kartavya-Jharwal/ganet-project-bwc/blob/main/frontend/index.html`