Strategic Governance Factor (SGF) Research by CAT Ventures
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Jin S. Chun, CFA, FRM

Proprietary research frameworks at the intersection of governance, capital discipline, and regulatory capital mechanics
Los Angeles, CA
http://sgf.catventures.com
How Was CrowdStrike Even Invited to Glasswing?
Op-ed Featured

How Was CrowdStrike Even Invited to Glasswing?

The Glasswing announcement was supposed to be a moment of industry leadership. What it actually revealed is that the institutions pay plans cannot tell you whether cybersecurity outcomes are something their executives are accountable for.
12 Apr 2026 7 min read
Working paper

The Gaps: Governance Physics and the Cybersecurity Capability Break

Zero out of nineteen cybersecurity and cyber insurance firms link executive pay to a measurable cybersecurity outcome. This paper traces the structural reason and asks whether the historical answer is utility regulation.
12 Apr 2026 2 min read
Working paper

Antifragile Capital Efficiency (ACE)

A multiplicative diagnostic for capital asymmetry under Solvency II, NAIC RBC, and K-ICS. ACE measures how strategies retain capital, behave under stressed volatility, and participate in recoveries — in a non-compensable framework where catastrophic failure on any dimension cannot be offset.
02 Apr 2026 1 min read
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