:root{
  --navy:#0A1B33; --navy-deep:#060F1F; --navy-soft:#12294d;
  --gold:#C6A15B; --gold-bright:#D9B96E; --bronze:#B99D92;
  --sage:#728063; --cream:#F7F4EF; --cream-dark:#EFE8DA;
  --ink:#23282F; --muted:#5B6470; --line:#E3DACA;
  --serif:'Cormorant Garamond',Georgia,'Times New Roman',serif;
  --sans:'Inter',-apple-system,'Segoe UI',Helvetica,Arial,sans-serif;
}
*{margin:0;padding:0;box-sizing:border-box}
html{scroll-behavior:smooth}
body{font-family:var(--sans);color:var(--ink);background:var(--cream);line-height:1.65;font-size:16.5px;-webkit-font-smoothing:antialiased}
h1,h2,h3,.serif{font-family:var(--serif);font-weight:600;line-height:1.15}
.wrap{max-width:1120px;margin:0 auto;padding:0 28px}
section{padding:96px 0}
.eyebrow{font-size:12.5px;letter-spacing:3.5px;text-transform:uppercase;color:var(--gold);font-weight:600;margin-bottom:18px}
.hero .eyebrow{font-size:clamp(26px,3.6vw,40px);letter-spacing:3px;font-weight:700;margin-bottom:24px;line-height:1.3}
.hero .eyebrow .est{font-size:.48em;font-style:italic;font-weight:500;letter-spacing:2px}
.sec-title{font-size:clamp(34px,4.5vw,50px);margin-bottom:14px;color:var(--navy)}
.sec-sub{font-size:18px;color:var(--muted);max-width:720px;margin-bottom:48px}
.gold-rule{width:72px;height:3px;background:linear-gradient(90deg,var(--gold),var(--bronze));margin:26px 0;border:0}
/* nav */
nav{position:sticky;top:0;z-index:100;background:rgba(10,27,51,.96);backdrop-filter:blur(8px);border-bottom:1px solid rgba(198,161,91,.25)}
.nav-inner{max-width:1180px;margin:0 auto;padding:14px 28px;display:flex;align-items:center;justify-content:space-between}
.nav-logo img{height:44px;width:auto;display:block}
.nav-links{display:flex;gap:30px;list-style:none}
.nav-links a{color:#EDE6D6;text-decoration:none;font-size:13.5px;letter-spacing:1.6px;text-transform:uppercase;font-weight:500;transition:color .2s}
.nav-links a:hover{color:var(--gold-bright)}
@media(max-width:860px){.nav-links{display:none}}
/* hero */
.hero{background:radial-gradient(1200px 600px at 70% -10%,#16325e 0%,var(--navy) 55%,var(--navy-deep) 100%);color:#F2ECDD;padding:130px 0 110px;position:relative;overflow:hidden}
.hero::before{content:"";position:absolute;inset:0;background:repeating-linear-gradient(90deg,transparent 0 118px,rgba(198,161,91,.05) 118px 120px);pointer-events:none}
.hero-logo img{height:134px;width:auto;margin-bottom:34px;filter:drop-shadow(0 6px 20px rgba(0,0,0,.4))}
.hero h1{font-size:clamp(46px,7vw,84px);color:#fff;letter-spacing:.5px;margin-bottom:10px}
.hero .hero-sub{font-family:var(--serif);font-size:clamp(21px,3vw,30px);font-style:italic;color:var(--gold-bright);margin-bottom:44px}
.stat-band{display:grid;grid-template-columns:repeat(3,1fr);gap:1px;background:rgba(198,161,91,.3);border:1px solid rgba(198,161,91,.3);margin:54px 0;max-width:960px}
.stat{background:rgba(6,15,31,.55);padding:30px 26px}
.stat .num{font-family:var(--serif);font-size:clamp(30px,3.6vw,44px);color:var(--gold-bright);font-weight:700}
.stat .num small{font-size:.55em;color:var(--bronze);font-weight:500}
.stat .lbl{font-size:12.5px;letter-spacing:1.4px;text-transform:uppercase;color:#B9B2A0;margin-top:10px;line-height:1.6}
.btn{display:inline-block;background:var(--gold);color:var(--navy-deep);font-weight:700;font-size:14px;letter-spacing:2px;text-transform:uppercase;padding:17px 38px;text-decoration:none;border-radius:2px;transition:transform .2s,box-shadow .2s,background .2s}
.btn:hover{background:var(--gold-bright);transform:translateY(-2px);box-shadow:0 12px 28px rgba(198,161,91,.3)}
.hero-note{margin-top:26px;font-size:12.5px;color:#8E97A8;letter-spacing:.4px}
@media(max-width:760px){.stat-band{grid-template-columns:1fr}}
/* fund intro */
.tags{display:grid;grid-template-columns:repeat(5,1fr);gap:12px;margin:30px 0 40px}
.tag{border:1px solid var(--gold);color:#7A6420;background:rgba(198,161,91,.08);font-size:12.5px;font-weight:600;letter-spacing:1.8px;text-transform:uppercase;padding:10px 18px;border-radius:2px;display:flex;align-items:center;justify-content:center;text-align:center}
@media(max-width:700px){.tags{grid-template-columns:repeat(2,1fr)}}
.lede{font-family:var(--serif);font-size:clamp(21px,2.6vw,27px);line-height:1.55;color:var(--navy);margin-bottom:26px}
.body-copy{max-width:800px;color:#3A4048;margin-bottom:18px}
.objective{margin-top:44px;background:#fff;border:1px solid var(--line);border-left:5px solid var(--gold);padding:36px 40px;box-shadow:0 10px 30px rgba(10,27,51,.06)}
.objective h3{font-size:26px;color:var(--navy);margin-bottom:6px}
.objective .obj-sub{font-family:var(--serif);font-style:italic;font-size:19px;color:#7A6420;margin-bottom:18px}
.objective ul{list-style:none}
.objective li{padding:9px 0 9px 30px;position:relative;color:#3A4048}
.objective li::before{content:"—";position:absolute;left:0;color:var(--gold);font-weight:700}
/* philosophy */
.beliefs{display:grid;grid-template-columns:repeat(2,1fr);gap:22px;margin-bottom:56px}
.belief{background:#fff;border:1px solid var(--line);padding:30px 32px;display:flex;gap:20px;align-items:flex-start;box-shadow:0 8px 24px rgba(10,27,51,.05)}
.belief .n{font-family:var(--serif);font-size:40px;color:var(--gold);font-weight:700;line-height:1;flex-shrink:0}
.belief p{font-weight:600;color:var(--navy);font-size:16.5px}
@media(max-width:760px){.beliefs{grid-template-columns:1fr}}
.bias-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:20px}
.bias-card{background:#fff;border-top:4px solid var(--bronze);padding:28px;box-shadow:0 8px 24px rgba(10,27,51,.05);transition:transform .25s,box-shadow .25s}
.bias-card:hover{transform:translateY(-5px);box-shadow:0 16px 36px rgba(10,27,51,.1)}
.bias-card h4{font-family:var(--serif);font-size:22px;color:var(--navy);margin-bottom:10px}
.bias-card p{font-size:14.5px;color:var(--muted)}
@media(max-width:900px){.bias-grid{grid-template-columns:1fr 1fr}}
@media(max-width:600px){.bias-grid{grid-template-columns:1fr}}
/* process (dark) */
.dark{background:linear-gradient(180deg,var(--navy-deep),var(--navy) 30%,var(--navy-deep));color:#EDE6D6}
.dark .sec-title{color:#fff}
.dark .sec-sub{color:#A9B2C4}
.signal-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:22px;margin-bottom:70px}
.signal{background:rgba(255,255,255,.04);border:1px solid rgba(198,161,91,.35);padding:36px 32px;border-radius:3px}
.signal h3{font-size:27px;color:var(--gold-bright);margin-bottom:14px}
.signal p{font-size:15px;color:#C9CFDB}
@media(max-width:860px){.signal-grid{grid-template-columns:1fr}}
.funnel{max-width:820px;margin:0 auto 70px}
.funnel-step{margin-bottom:14px;opacity:0;transform:translateX(-30px);transition:opacity .7s,transform .7s}
.funnel-step.visible{opacity:1;transform:none}
.funnel-bar{background:linear-gradient(90deg,var(--gold) 0%,#9a7a3f 100%);color:var(--navy-deep);font-weight:700;padding:15px 24px;border-radius:3px;display:flex;justify-content:space-between;align-items:center;box-shadow:0 6px 20px rgba(0,0,0,.3)}
.funnel-bar .count{font-family:var(--serif);font-size:24px}
.funnel-bar .what{font-size:13px;letter-spacing:1.2px;text-transform:uppercase}
.funnel-cap{text-align:center;color:#8E97A8;font-size:13px;margin-top:18px;letter-spacing:.5px}
.vs-table{max-width:900px;margin:0 auto;border:1px solid rgba(198,161,91,.3)}
.vs-row{display:grid;grid-template-columns:1fr 1fr;border-bottom:1px solid rgba(198,161,91,.18)}
.vs-row:last-child{border-bottom:0}
.vs-row.head{background:rgba(198,161,91,.12)}
.vs-row>div{padding:18px 26px;font-size:15px}
.vs-row.head>div{font-size:12.5px;letter-spacing:2.5px;text-transform:uppercase;font-weight:700;color:var(--gold-bright)}
.vs-row .g{color:#fff;font-weight:600}
.vs-row .o{color:#8E97A8}
/* performance */
.chart-card{background:#fff;border:1px solid var(--line);padding:40px;margin-bottom:36px;box-shadow:0 10px 30px rgba(10,27,51,.06)}
.chart-card h3{font-size:25px;color:var(--navy);margin-bottom:4px}
.chart-card .fine{font-size:12.5px;color:var(--muted);margin-bottom:26px}
.legend{display:flex;gap:26px;margin-bottom:8px;font-size:13px;font-weight:600}
.legend span{display:flex;align-items:center;gap:8px}
.sw{width:16px;height:16px;border-radius:2px;display:inline-block}
.trailing{display:grid;grid-template-columns:repeat(3,1fr);gap:20px;margin-bottom:36px}
.trail{background:var(--navy);color:#EDE6D6;padding:32px;text-align:center;border-radius:3px}
.trail .per{font-size:12.5px;letter-spacing:2.5px;text-transform:uppercase;color:var(--gold-bright);font-weight:700;margin-bottom:14px}
.trail .gv{font-family:var(--serif);font-size:38px;font-weight:700;color:#fff}
.trail .sv{font-size:15px;color:#9AA3B5;margin-top:6px}
@media(max-width:700px){.trailing{grid-template-columns:1fr}}
.holdings{display:flex;flex-wrap:wrap;gap:14px;margin-top:8px}
.holding{background:#fff;border:1px solid var(--line);padding:16px 24px;border-radius:3px}
.holding b{color:var(--navy);font-size:16px}
.holding span{color:var(--muted);font-size:13px;margin-left:8px}
/* insights */
.insight-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:22px;margin-bottom:44px}
.insight-grid.two-col{grid-template-columns:repeat(2,1fr);max-width:820px;margin-left:auto;margin-right:auto}
.insight{background:#fff;border:1px solid var(--line);border-radius:3px;overflow:hidden;box-shadow:0 8px 24px rgba(10,27,51,.05);display:flex;flex-direction:column}
.insight .i-top{background:var(--navy);padding:26px;color:var(--gold-bright);font-family:var(--serif);font-size:22px;line-height:1.35;min-height:130px}
.insight .i-body{padding:26px;flex:1;display:flex;flex-direction:column}
.insight .i-date{font-size:12px;letter-spacing:2px;text-transform:uppercase;color:var(--muted);margin-bottom:12px}
.insight p{font-size:14.5px;color:var(--muted);flex:1}
.sample-flag{display:inline-block;background:#F3E3C2;color:#7A5B12;font-size:11px;font-weight:700;letter-spacing:1.5px;text-transform:uppercase;padding:6px 12px;border-radius:2px;margin-bottom:14px}
.insight a{color:#7A6420;font-weight:700;font-size:14px;text-decoration:none;margin-top:18px}
.insight a:hover{text-decoration:underline}
.qret{display:flex;gap:20px;margin:2px 0 16px;padding-top:14px;border-top:1px solid var(--line);font-size:13px;color:var(--muted)}
.qret b{font-size:16.5px;margin-right:7px}
.qret .qg b{color:#7A6420}
.qret .qs b{color:#6B7280}
@media(max-width:860px){.insight-grid{grid-template-columns:1fr}.insight-grid.two-col{grid-template-columns:1fr;max-width:none}}
.dl-row{display:flex;gap:16px;flex-wrap:wrap;align-items:center;background:#fff;border:1px dashed var(--gold);padding:26px 30px;border-radius:3px}
.dl-row .t{font-weight:600;color:var(--navy);margin-right:auto}
.btn-ghost{display:inline-block;border:1.5px solid var(--gold);color:#7A6420;font-weight:700;font-size:13px;letter-spacing:1.5px;text-transform:uppercase;padding:13px 26px;text-decoration:none;border-radius:2px}
.btn-ghost:hover{background:rgba(198,161,91,.12)}
/* team */
.team-card{display:grid;grid-template-columns:300px 1fr;gap:48px;background:#fff;border:1px solid var(--line);padding:48px;margin-bottom:32px;box-shadow:0 10px 30px rgba(10,27,51,.06)}
.team-card>div:first-child{position:relative;overflow:hidden;border-radius:2px;align-self:start;border:1px solid #C4B696;outline:1px solid rgba(198,161,91,.5);outline-offset:6px}
.team-card>div:first-child::after{content:"";position:absolute;inset:0;background:linear-gradient(155deg,rgba(198,161,91,.25) 0%,rgba(185,157,146,.12) 45%,rgba(10,27,51,.30) 100%);mix-blend-mode:soft-light;pointer-events:none}
.team-card img{width:100%;border-radius:3px;display:block;filter:sepia(.32) saturate(.82) contrast(.96) brightness(1.04)}
.team-card:last-child img{filter:sepia(.30) saturate(.92) contrast(1.07) brightness(.97)}
.team-card h3{font-size:32px;color:var(--navy)}
.team-card .role{font-size:13px;letter-spacing:2.5px;text-transform:uppercase;color:#7A6420;font-weight:700;margin:8px 0 20px}
.team-card p{font-size:15.5px;color:#3A4048;margin-bottom:14px}
@media(max-width:760px){.team-card{grid-template-columns:1fr;padding:32px}.team-card img{max-width:280px}}
/* contact */
.contact-grid{display:grid;grid-template-columns:1fr 1fr;gap:56px;align-items:start}
@media(max-width:860px){.contact-grid{grid-template-columns:1fr}}
.c-line{margin-bottom:22px}
.c-line .k{font-size:12px;letter-spacing:2.5px;text-transform:uppercase;color:var(--gold-bright);font-weight:700;margin-bottom:6px}
.c-line .v{font-size:19px;color:#fff}
.c-line .v a{color:#fff;text-decoration:none;border-bottom:1px solid var(--gold)}
.c-line .v a:hover{color:var(--gold-bright)}
form{background:rgba(255,255,255,.045);border:1px solid rgba(198,161,91,.3);padding:38px;border-radius:3px}
form label{display:block;font-size:12px;letter-spacing:2px;text-transform:uppercase;color:#A9B2C4;font-weight:600;margin:0 0 8px}
form input,form textarea{width:100%;background:rgba(255,255,255,.07);border:1px solid rgba(255,255,255,.18);color:#fff;font-family:var(--sans);font-size:15px;padding:13px 15px;border-radius:2px;margin-bottom:20px}
form input:focus,form textarea:focus{outline:none;border-color:var(--gold)}
form textarea{min-height:130px;resize:vertical}
.form-ok{display:none;text-align:center;padding:40px 10px;color:#fff}
.form-ok .big{font-family:var(--serif);font-size:30px;color:var(--gold-bright);margin-bottom:12px}
/* footer */
footer{background:var(--navy-deep);color:#7E8798;padding:60px 0 40px;font-size:13px}
footer .disclosure{max-width:900px;line-height:1.8;margin-bottom:28px}
footer .copy{display:flex;justify-content:space-between;flex-wrap:wrap;gap:12px;border-top:1px solid rgba(255,255,255,.1);padding-top:24px}
/* reveal */
.rv{opacity:0;transform:translateY(26px);transition:opacity .8s ease,transform .8s ease}
.rv.visible{opacity:1;transform:none}
svg text{font-family:var(--sans)}

/* ---------- production additions ---------- */
.hp{position:absolute;left:-9999px;width:1px;height:1px;overflow:hidden}
/* perspectives article pages */
.page-hero{background:radial-gradient(1200px 600px at 70% -10%,#16325e 0%,var(--navy) 55%,var(--navy-deep) 100%);color:#F2ECDD;padding:92px 0 72px}
.page-hero h1{font-size:clamp(38px,5.5vw,60px);color:#fff}
.page-hero .art-date{font-size:13px;letter-spacing:2.5px;text-transform:uppercase;color:var(--gold-bright);margin-top:16px;font-weight:600}
.article{max-width:800px;padding-top:64px;padding-bottom:84px}
.qret-big{display:flex;gap:40px;background:#fff;border:1px solid var(--line);border-left:5px solid var(--gold);padding:26px 34px;margin:0 0 42px;box-shadow:0 10px 30px rgba(10,27,51,.06)}
.qret-big .n{font-family:var(--serif);font-size:36px;font-weight:700;color:#7A6420}
.qret-big .n.sp{color:#6B7280}
.qret-big .t{font-size:12px;letter-spacing:2px;text-transform:uppercase;color:var(--muted);font-weight:600;margin-top:4px}
.article p{margin-bottom:20px;color:#3A4048;font-size:17px}
.article h2.qhead{font-size:30px;color:var(--navy);margin:54px 0 8px}
.article .qdate{font-size:12.5px;letter-spacing:2px;text-transform:uppercase;color:var(--muted);margin-bottom:22px;font-weight:600}
.contrib-grid{display:grid;grid-template-columns:1fr 1fr;gap:20px;margin:34px 0 12px}
.contrib{background:#fff;border:1px solid var(--line);padding:26px 30px}
.contrib h4{font-family:var(--serif);font-size:21px;color:var(--navy);margin-bottom:12px}
.contrib.contra h4{color:#8A5A4A}
.contrib ul{list-style:none}
.contrib li{padding:6px 0 6px 22px;position:relative;font-size:15px;color:#3A4048}
.contrib li::before{content:"\2014";position:absolute;left:0;color:var(--gold);font-weight:700}
.contrib.contra li::before{color:#B99D92}
@media(max-width:640px){.contrib-grid{grid-template-columns:1fr}.qret-big{flex-direction:column;gap:16px}}
.back-link{margin-top:52px;margin-bottom:44px}
.back-link a{color:#7A6420;font-weight:700;text-decoration:none}
.back-link a:hover{text-decoration:underline}