Hedge-Bench - Risk Pass@1: leaderboard

Hedge-Bench 1.0 (Trata, 2026) tests agents on 102 open-ended financial-analyst research tasks built from recorded hedge fund analyst discussions, run with the Terminus 2 agent over a sandboxed document corpus and graded by an LLM judge against the expert analysts rubric moves. This board is pass@1, the share (%) of trials on the risk tasks that earn a perfect rubric score; higher is better.

Metric: Pass@1 (%): share of trials in the Risk task category that earned a perfect 4 of 4 rubric score; 102 open-ended financial-analyst research tasks derived from recorded expert analyst discussions, run in the Harbor harness with the Terminus 2 agent over a sandboxed document corpus, eight trials per task, graded by a Gemini-3.1-Pro judge against expert rubric moves with hallucination-supported moves discounted; higher is better. Source: arxiv.org. Saturation forecast: Around 2029. 8 models tracked.

Top models

#ModelScoreOverall rank
1Claude Sonnet 4.612.4#161
2Gemini 3.5 Flash5.7#101
3Claude Opus 4.85.6#56
4Claude Opus 4.75.4#79
5GPT-5.51.8#49
6Gemini 3.1 Pro (Preview)1.7#94
7Claude Haiku 4.50.9#568
8GPT-5.4 Mini0#389

No result here: #1 Claude Fable 5.2, #2 Gemini 4 Carbon, #5 Claude Opus 5.5.

Interactive version: theaggregate.ai/benchmark?slug=hedge-bench-risk-pass-1 · How It Works · Data refreshed daily, snapshot 2026-11-13.