The three. We record what you invest in, in your own words. We compare it with what organisations have brought us for reasons of their own. And when the two meet we tell you, naming the criteria of yours that made them meet.
The first thing we are not able to do is have a view. The moment we rank, score, value, project or call something a good opportunity, this stops being a filter and becomes investment advice. Neither of the two legal persons behind KyoLink is licensed to give it in any jurisdiction we work in, and neither is applying, so the capacity does not exist here in a practical sense either: there is no field in our register for a score, so there is nothing for anybody to fill in.
The second is to be paid for an outcome. We do not give investment advice, place or underwrite financial instruments, or receive or transmit orders, and no fee of ours depends on capital being raised or invested. Anything that would amount to a regulated investment service sits outside this route unless it is structured separately and properly authorised. So nothing on this route is charged on an outcome and nothing is held back to be charged later. Where we are paid at all, it is for defined work agreed in advance, and the fee is the same whether anything closes or nothing does.
What that leaves is a filter that is exactly as good as your own sentence, which is why the first thing you get from us is a written answer about the sentence. Within five working days we say whether what you sent excludes enough to be filtered against. A thesis that excludes nothing matches everything, and a thesis that matches everything matches nothing. That answer is about the words, never about your fund, and it is said in those terms.
Twelve months later we come back and ask whether it still holds. Funds close, mandates move and the person who wrote the thesis leaves, and a filter running against a sentence nobody still stands behind is worse than no filter at all.