The asset allocation (AA) is the sum of the exposures of multiple L/N/S trading models, their frequency is either hourly or daily (approx. 50/50.) Each model has its own risk management, and the AA risk management is at the model level, not at the portfolio level. As of 6/3/22, 16 trading models were included in the AA. Each model is given the same weight and the AA is published daily at the EOD. This exposure remains approx. 90% constant the next day.