Darwinex Portfolio Reconstruction

MSRLab reconstructed a 71-component candidate universe to understand the economics, redundancy, and concentration of a deployed 58-component licensed-strategy book. The live control was not replaced or resized.

• Seventy-one components across three periods produced 213 reusable broker-realistic ledgers.
• The offline reconstruction matched exact deployed-book net results within 0.8% across the tested periods.
• Repeated exposure and position-stacking risks were identified; compact alternatives remain shadow candidates, not deployment decisions.

Keep the deployed 58 as the forward control and compare only a bounded shadow candidate after enough telemetry exists to evaluate actual risk, concentration, and execution.