Lórien
FINANCIAL
Hedge analytics for CNMV-registered advisers

Protect your clients from market crashes
without asking them to leave the market.

Lórien analyzes a client's portfolio and identifies listed protection strategies that can reduce downside risk while preserving long-term equity exposure.

Try it yourself

See protection on a sample portfolio

Pick a sample portfolio and a past crisis, then see how a protection floor would have changed the outcome and what it would have cost — live, from the Lórien engine.

Educational simulation using real historical index data — not investment advice, and no tradable instruments are shown.

The challenge with traditional risk management

Traditional approach

  • Diversification
  • Asset allocation
  • Sell stocks
  • Buy bonds

Lórien approach

  • Stay invested
  • Add downside protection
  • Keep upside exposure
  • Define a maximum loss

"We saw in 2022 that traditional diversification and asset allocation didn't work the way modern portfolio theory suggested. Stocks and bonds fell together. Advisors are looking for additional ways to help protect client portfolios."

From our adviser interviews
The idea

Complementing traditional portfolio management

Diversification and hedging are complementary risk management tools that serve different purposes.

Diversification

Helps reduce portfolio risk through asset allocation and diversification across investments.

Hedging

Helps reduce the impact of significant market declines by establishing a defined downside floor.

A simple example

The same -30% drop, with and without protection

Without protection
Portfolio€1,000,000
Market−30%
€700,000
With protection
Portfolio€1,000,000
Protection cost€65,000
Market−30%
€900,000
Portfolio value · Market return
Without protection With protection
Your floor: €900,000 maximum loss, cost included
Cost of protection: €65,000 the gap vs. the unprotected line on the upside

Know the cost. Know the floor. Stay invested.

Simplified illustration. Assumes a strategy composed of a one-year listed put warrant held to expiry and a portfolio that tracks the hedge index. Figures are estimates, not a guarantee of outcomes.

How it works

From portfolio to candidate hedges, in four steps

1

Input positions

Select a pre-loaded portfolio or customize the positions.

2

Analyze the risk

We show how the positions could have reacted to historical market events.

3

Evaluate protection

Lórien screens listed hedging instruments, estimating both cost and downside protection.

4

You advise the client

The adviser remains fully in control. Lórien provides analysis — not recommendations.

Ideal use cases

Who uses Lórien

Approaching retirement

In some situations it might be more appropriate to keep clients invested during the critical years surrounding retirement. Downside protection can help mitigate the risks without having to reduce equity exposure too early.

Concentrated positions

Protect gains without selling. Reduce downside risk without triggering immediate capital gains from selling.

Unlock more upside

Clients often hold too much cash out of fear. Downside protection can help them invest with more confidence by combining market participation with a clearer risk limit.

Your client asks, "What happens if the market crashes next year?"
Can you answer with confidence?

Lórien helps advisers quantify downside risk, evaluate protection strategies, and show clients how different outcomes could look.

The adviser always makes the final recommendation. Lórien never executes trades or provides investment advice. We provide analytics to support professional decision-making.

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