About — AlphaBlock
alphablock
// About AlphaBlock

Twenty years of research into how markets really behave.

From India's first derivatives analyst, to a quant advisory practice in Romania, to an index methodology run under licence in Europe and India — twenty years of published work on how markets behave, engineered into an operating layer institutions can run under their own name.

01  Our thesis

“An index is meant to carry information. Cap-weighting strips it out — you end up owning popularity, not knowledge.”

Two decades of rethinking how markets move through time and why prices drift back toward fair value — with published research behind the patterns. The result is E&R™: a framework that turns that work into a repeatable edge.

02 The principals

The people behind E&R

AlphaBlock is the research and intellectual-property entity behind the E&R™ methodology.

Mukul Pal
Mukul Pal
Founder & CEO

Born in New Delhi, Mukul has spent 25 years building quantitative investment strategies for active managers worldwide. He began at the Bombay Stock Exchange, supporting major Indian financial institutions, then extended his advisory practice into Europe with asset managers and the securities arms of global banks. He holds master’s degrees in finance and statistics, and the CMT and CAIA designations. His work in financial technology has been recognised by MIT; he has spoken at conferences worldwide, including the Princeton–Chicago Quant Conference, and played a pivotal role in bringing financial innovations to NASDAQ. He is the author of End of Passive Investing: Story of the Hidden Bias.

LinkedIn
Florina Pal
Florina Pal
Co-Founder & CTO

A technology executive and software architect with 15+ years building enterprise and financial-technology platforms. As CTO she leads the firm’s investment-technology infrastructure — the data pipelines powering its live mandates and the long–short reconciliation systems behind them — working with data scientists on portfolio design and construction across .NET, Python and cloud at scale. She contributed to enterprise-automation projects during UiPath’s early growth before co-founding AlphaBlock in 2018.

LinkedIn
03 Two decades of research

Our story

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// The inflection point

“If we can give every investor an intelligent, hyper-personalised portfolio, we change who investing works for.”

Through the pandemic, with a long–short fund that struggled to raise assets, the company faced a defining choice: keep serving a handful of institutions, or open the platform to the world. They pivoted — to hyperscaled, automated portfolios on a pay-for-alpha model that aligns incentives and scales globally.

Mukul Pal & Florina Pal · 2020–2022
// In conversation

The founder, in long form.

An ICOVISIONS podcast conversation with Mukul Pal, recorded April 2018 — the year AlphaBlock incorporated in Toronto: the research and the machines behind beating the market, in one sitting.

ICOVISIONS · Podcast The story behind the engine Origins in Romania, the 2007 contrarian call, and why a machine — not a manager — should build the index.
▶ Watch on YouTube April 2018 Toronto · the year AlphaBlock incorporated
05  The road ahead

Alpha for 100 million investors.

Our mission: make systematic, accountable portfolio construction available to the institutions that serve 100 million investors — and change how investment products are built, delivered and paid for.

We believe the future of investing is not passive versus active — but augmented, automated and agentic. And ultimately, paid only for alpha.

06  Governance & process

Who signs off, where the data comes from, how a release ships.

Institutions buy process before they buy performance. This is ours, in the order a due-diligence questionnaire asks for it.

MODEL OWNERSHIP
Methodology and strategy specifications are owned by the Founder & CEO; implementation is owned by the CTO. No strategy goes to a licensee without both signing the specification.
DATA SOURCES
Prices and fundamentals from licensed vendors since 2015; daily fund NAVs since 2006; index values from Nasdaq; live fund returns from the regulated manager and PMS Bazaar. Every figure on this site names its source.
VERSIONING
Every rebalance is reproducible from a versioned build; rules changes are dated and logged. A licensee can re-run any historical rebalance and get the same weights.
RELEASE GATE
Services ship one at a time, each after its own evaluation gate. For the governed AI layer: at least 121 of 134 cases, with every performance-refusal and prompt-injection case passing.
SEPARATION OF DUTIES
AlphaBlock constructs and delivers; the licensee holds the mandate, the client and the custody and approves every execution. AlphaBlock does not manage assets.
DUE DILIGENCE
Specifications, simulation reports, partner records and the Sandbox methodology are available under NDA. Request through the Sandbox form.
04  The company
LEGAL ENTITY
AlphaBlock Technologies Inc.
HEADQUARTERS
Toronto, Ontario, Canada
ENGINEERING
Cluj-Napoca, Romania
FOUNDED
2005 (Orpheus) · 2018 (Toronto)
REGULATED PARTNERS
Mumbai · Boston · Bucharest
The AlphaBlock team standing together on the rooftop terrace at Cluj Hub
The AlphaBlock team · Cluj, summer 2026 @ Cluj Hub RESEARCH · ENGINEERING · OPERATIONS

AlphaBlock is a financial-technology licensor, not a fund manager. Performance figures referenced across this site represent returns achieved in live, regulated portfolios by managers licensed to use the E&R™ methodology.