feat: add hedge fund management features including creation, deletion, and manager assignments

README.md

@@ -246,6 +246,35 @@ Accessible only to users with `isAdmin = true`.
 - Live view of all three BullMQ queues
 - Shows waiting, active, delayed, completed, and failed counts
 - Lists active, waiting, and recent failed jobs with payload and failure reason
+- **Retry failed** button per queue to requeue all failed jobs
+
+### Hedge Funds (`/admin/funds`)
+- Create a named hedge fund with an initial starting balance
+- Add or remove managers (by username) per fund
+- Delete a fund (removes all its positions and trade history)
+
+---
+
+## Hedge Funds
+
+Multiple players can collaborate via a **Hedge Fund** — a shared pool of capital with its own balance, positions, and trade history.
+
+### How it works
+1. An admin creates a fund at `/admin/funds` (providing a name and initial balance).
+2. The admin adds one or more players as **managers** of the fund.
+3. A manager visits `/fund/[slug]` to see the fund's portfolio.
+4. From there they can click any held position (or browse all stocks) — the link includes `?fund=[slug]`, putting the hashtag trade page in **Fund Mode**.
+5. In Fund Mode a banner confirms which fund the trade will be on behalf of. All buys and sells deduct from / credit to the fund's balance, not the manager's.
+6. The manager can return to their `/profile` at any time to trade under their own account.
+
+### Fund page (`/fund/[slug]`)
+- Public — anyone can view the fund name, balance, positions, managers, and trade history.
+- Managers see a management panel with quick links to trade each held position in Fund Mode.
+
+### Key rules
+- A fund account cannot sign in directly — it is a shadow account controlled via the manager interface.
+- A user can manage multiple funds simultaneously.
+- Funds do not earn research points or play the daily lottery.
 
 ---
 

prisma/schema.prisma

@@ -19,9 +19,37 @@ model User {
   createdAt       DateTime        @default(now())
   updatedAt       DateTime        @updatedAt
 
+  isFund         Boolean       @default(false)
+
   positions      Position[]
   trades         Trade[]
   passwordResets PasswordReset[]
+  managedFunds   FundManager[]
+  fund           HedgeFund?
+}
+
+model HedgeFund {
+  id        String        @id @default(cuid())
+  name      String        @unique
+  slug      String        @unique  // lowercase, URL-safe
+  userId    String        @unique  // shadow User account that holds positions/trades/balance
+  user      User          @relation(fields: [userId], references: [id])
+  createdAt DateTime      @default(now())
+
+  managers  FundManager[]
+
+  @@index([slug])
+}
+
+model FundManager {
+  id      String    @id @default(cuid())
+  fundId  String
+  fund    HedgeFund @relation(fields: [fundId], references: [id], onDelete: Cascade)
+  userId  String
+  user    User      @relation(fields: [userId], references: [id], onDelete: Cascade)
+  addedAt DateTime  @default(now())
+
+  @@unique([fundId, userId])
 }
 
 model PasswordReset {

prod-compose.yml

@@ -5,6 +5,7 @@ services:
     command: sh -c "npx prisma db push --accept-data-loss && npm start"
     ports:
       - "12131:3000"
+      - "12555:5555"
     environment:
       DATABASE_URL: "${DATABASE_URL}"
       NEXTAUTH_SECRET: "${NEXTAUTH_SECRET}"

src/app/admin/funds/AdminFundActions.tsx

@@ -0,0 +1,230 @@
+'use client'
+
+import { useState } from 'react'
+import { useRouter } from 'next/navigation'
+import { formatCurrency } from '@/lib/utils'
+import { Building2, Plus, Trash2, UserPlus, UserMinus } from 'lucide-react'
+
+interface Manager {
+  id: string
+  userId: string
+  user: { id: string; username: string; displayUsername: string | null }
+}
+
+interface Fund {
+  id: string
+  name: string
+  slug: string
+  user: { balance: number }
+  managers: Manager[]
+}
+
+export default function AdminFundActions({ funds: initialFunds }: { funds: Fund[] }) {
+  const router = useRouter()
+  const [funds, setFunds] = useState<Fund[]>(initialFunds)
+  const [creating, setCreating] = useState(false)
+  const [newName, setNewName] = useState('')
+  const [newBalance, setNewBalance] = useState('10000')
+  const [addUsername, setAddUsername] = useState<Record<string, string>>({})
+  const [expandedId, setExpandedId] = useState<string | null>(null)
+  const [error, setError] = useState('')
+  const [loading, setLoading] = useState(false)
+
+  async function createFund() {
+    if (!newName.trim()) return
+    setLoading(true)
+    setError('')
+    const res = await fetch('/api/admin/funds', {
+      method: 'POST',
+      headers: { 'Content-Type': 'application/json' },
+      body: JSON.stringify({ name: newName.trim(), initialBalance: parseFloat(newBalance) || 10000 }),
+    })
+    const data = await res.json()
+    setLoading(false)
+    if (!res.ok) { setError(data.error ?? 'Failed'); return }
+    setFunds([...funds, data])
+    setNewName('')
+    setNewBalance('10000')
+    setCreating(false)
+    router.refresh()
+  }
+
+  async function addManager(fundId: string) {
+    const username = (addUsername[fundId] ?? '').trim()
+    if (!username) return
+    setLoading(true)
+    setError('')
+    const res = await fetch(`/api/admin/funds/${fundId}`, {
+      method: 'PATCH',
+      headers: { 'Content-Type': 'application/json' },
+      body: JSON.stringify({ addManagerUsername: username }),
+    })
+    const data = await res.json()
+    setLoading(false)
+    if (!res.ok) { setError(data.error ?? 'Failed'); return }
+    setFunds(funds.map((f) => f.id === fundId ? { ...f, managers: data.managers } : f))
+    setAddUsername({ ...addUsername, [fundId]: '' })
+  }
+
+  async function removeManager(fundId: string, userId: string) {
+    setLoading(true)
+    const res = await fetch(`/api/admin/funds/${fundId}`, {
+      method: 'PATCH',
+      headers: { 'Content-Type': 'application/json' },
+      body: JSON.stringify({ removeManagerUserId: userId }),
+    })
+    const data = await res.json()
+    setLoading(false)
+    if (!res.ok) { setError(data.error ?? 'Failed'); return }
+    setFunds(funds.map((f) => f.id === fundId ? { ...f, managers: data.managers } : f))
+  }
+
+  async function deleteFund(fundId: string) {
+    if (!confirm('Delete this fund? This will remove all its positions and trade history.')) return
+    setLoading(true)
+    await fetch(`/api/admin/funds/${fundId}`, { method: 'DELETE' })
+    setLoading(false)
+    setFunds(funds.filter((f) => f.id !== fundId))
+    router.refresh()
+  }
+
+  return (
+    <div className="space-y-4">
+      {error && (
+        <p className="text-red-400 text-sm bg-red-400/10 border border-red-400/20 rounded-lg px-3 py-2">{error}</p>
+      )}
+
+      {/* Create form */}
+      {creating ? (
+        <div className="bg-surface-card border border-surface-border rounded-xl p-4 space-y-3">
+          <h3 className="font-medium text-sm">New Hedge Fund</h3>
+          <div className="grid grid-cols-2 gap-3">
+            <div>
+              <label className="text-xs text-slate-500 block mb-1">Fund Name</label>
+              <input
+                value={newName}
+                onChange={(e) => setNewName(e.target.value)}
+                placeholder="TechAlpha Capital"
+                className="w-full bg-surface border border-surface-border rounded-lg px-3 py-1.5 text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500"
+              />
+            </div>
+            <div>
+              <label className="text-xs text-slate-500 block mb-1">Initial Balance</label>
+              <input
+                type="number"
+                value={newBalance}
+                onChange={(e) => setNewBalance(e.target.value)}
+                className="w-full bg-surface border border-surface-border rounded-lg px-3 py-1.5 text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500"
+              />
+            </div>
+          </div>
+          <div className="flex gap-2">
+            <button
+              onClick={createFund}
+              disabled={loading || !newName.trim()}
+              className="px-3 py-1.5 bg-indigo-600 hover:bg-indigo-500 text-white text-xs rounded-lg disabled:opacity-50 transition-colors"
+            >
+              Create Fund
+            </button>
+            <button onClick={() => setCreating(false)} className="px-3 py-1.5 text-xs text-slate-400 hover:text-slate-100">
+              Cancel
+            </button>
+          </div>
+        </div>
+      ) : (
+        <button
+          onClick={() => setCreating(true)}
+          className="flex items-center gap-2 text-sm px-3 py-1.5 bg-indigo-600/20 border border-indigo-500/30 hover:bg-indigo-600/30 text-indigo-300 rounded-lg transition-colors"
+        >
+          <Plus className="h-4 w-4" /> New Fund
+        </button>
+      )}
+
+      {/* Funds list */}
+      {funds.length === 0 && !creating && (
+        <p className="text-slate-500 text-sm">No hedge funds yet.</p>
+      )}
+
+      {funds.map((fund) => (
+        <div key={fund.id} className="bg-surface-card border border-surface-border rounded-xl overflow-hidden">
+          <div
+            className="flex items-center justify-between px-4 py-3 cursor-pointer hover:bg-surface/50 transition-colors"
+            onClick={() => setExpandedId(expandedId === fund.id ? null : fund.id)}
+          >
+            <div className="flex items-center gap-3">
+              <Building2 className="h-4 w-4 text-indigo-400" />
+              <div>
+                <p className="font-medium text-sm">{fund.name}</p>
+                <p className="text-xs text-slate-500">/fund/{fund.slug} · {formatCurrency(fund.user.balance)}</p>
+              </div>
+            </div>
+            <div className="flex items-center gap-3 text-xs text-slate-500">
+              <span>{fund.managers.length} manager{fund.managers.length !== 1 ? 's' : ''}</span>
+              <a
+                href={`/fund/${fund.slug}`}
+                target="_blank"
+                rel="noopener noreferrer"
+                onClick={(e) => e.stopPropagation()}
+                className="text-indigo-400 hover:text-indigo-300"
+              >
+                View →
+              </a>
+              <button
+                onClick={(e) => { e.stopPropagation(); deleteFund(fund.id) }}
+                disabled={loading}
+                className="text-red-500 hover:text-red-400 disabled:opacity-50"
+              >
+                <Trash2 className="h-3.5 w-3.5" />
+              </button>
+            </div>
+          </div>
+
+          {expandedId === fund.id && (
+            <div className="border-t border-surface-border px-4 py-3 space-y-3">
+              {/* Current managers */}
+              <div>
+                <p className="text-xs text-slate-500 mb-2 font-medium">Managers</p>
+                {fund.managers.length === 0 ? (
+                  <p className="text-xs text-slate-600">None yet.</p>
+                ) : (
+                  <div className="flex flex-wrap gap-2">
+                    {fund.managers.map((m) => (
+                      <div key={m.id} className="flex items-center gap-1.5 text-xs bg-surface border border-surface-border rounded-full px-2.5 py-1">
+                        <span>{m.user.displayUsername ?? m.user.username}</span>
+                        <button
+                          onClick={() => removeManager(fund.id, m.userId)}
+                          disabled={loading}
+                          className="text-slate-500 hover:text-red-400 disabled:opacity-50"
+                        >
+                          <UserMinus className="h-3 w-3" />
+                        </button>
+                      </div>
+                    ))}
+                  </div>
+                )}
+              </div>
+
+              {/* Add manager */}
+              <div className="flex gap-2">
+                <input
+                  value={addUsername[fund.id] ?? ''}
+                  onChange={(e) => setAddUsername({ ...addUsername, [fund.id]: e.target.value })}
+                  placeholder="username"
+                  onKeyDown={(e) => e.key === 'Enter' && addManager(fund.id)}
+                  className="flex-1 bg-surface border border-surface-border rounded-lg px-3 py-1.5 text-xs focus:outline-none focus:ring-2 focus:ring-indigo-500"
+                />
+                <button
+                  onClick={() => addManager(fund.id)}
+                  disabled={loading || !(addUsername[fund.id] ?? '').trim()}
+                  className="flex items-center gap-1.5 px-3 py-1.5 bg-emerald-600/20 border border-emerald-500/30 hover:bg-emerald-600/30 text-emerald-300 text-xs rounded-lg disabled:opacity-50 transition-colors"
+                >
+                  <UserPlus className="h-3 w-3" /> Add Manager
+                </button>
+              </div>
+            </div>
+          )}
+        </div>
+      ))}
+    </div>
+  )
+}

src/app/admin/funds/page.tsx

@@ -0,0 +1,24 @@
+import { prisma } from '@/lib/prisma'
+import AdminFundActions from './AdminFundActions'
+
+export const dynamic = 'force-dynamic'
+
+export default async function AdminFundsPage() {
+  const funds = await prisma.hedgeFund.findMany({
+    orderBy: { createdAt: 'asc' },
+    include: {
+      user: { select: { balance: true } },
+      managers: {
+        include: { user: { select: { id: true, username: true, displayUsername: true } } },
+        orderBy: { addedAt: 'asc' },
+      },
+    },
+  })
+
+  return (
+    <div className="space-y-4">
+      <h2 className="text-lg font-semibold">Hedge Funds</h2>
+      <AdminFundActions funds={funds} />
+    </div>
+  )
+}

src/app/admin/layout.tsx

@@ -20,6 +20,7 @@ export default async function AdminLayout({ children }: { children: React.ReactN
           { href: '/admin', label: 'Overview' },
           { href: '/admin/users', label: 'Users' },
           { href: '/admin/stocks', label: 'Stocks' },
+          { href: '/admin/funds', label: 'Funds' },
           { href: '/admin/queue', label: 'Queue' },
         ].map((link) => (
           <a

src/app/api/admin/funds/[fundId]/route.ts

@@ -0,0 +1,97 @@
+import { NextRequest, NextResponse } from 'next/server'
+import { getServerSession } from 'next-auth'
+import { authOptions } from '@/lib/auth'
+import { prisma } from '@/lib/prisma'
+import { z } from 'zod'
+
+const patchSchema = z.object({
+  addManagerUsername: z.string().optional(),
+  removeManagerUserId: z.string().optional(),
+  balance: z.number().min(0).optional(),
+})
+
+/**
+ * PATCH /api/admin/funds/[fundId]
+ * Add/remove manager, or adjust fund balance.
+ */
+export async function PATCH(
+  req: NextRequest,
+  { params }: { params: { fundId: string } }
+) {
+  const session = await getServerSession(authOptions)
+  if (!session?.user?.isAdmin) {
+    return NextResponse.json({ error: 'Forbidden' }, { status: 403 })
+  }
+
+  const fund = await prisma.hedgeFund.findUnique({
+    where: { id: params.fundId },
+    include: { user: true },
+  })
+  if (!fund) return NextResponse.json({ error: 'Fund not found.' }, { status: 404 })
+
+  const body = await req.json().catch(() => null)
+  const parsed = patchSchema.safeParse(body)
+  if (!parsed.success) return NextResponse.json({ error: 'Invalid request.' }, { status: 400 })
+
+  const { addManagerUsername, removeManagerUserId, balance } = parsed.data
+
+  if (addManagerUsername) {
+    const user = await prisma.user.findUnique({
+      where: { username: addManagerUsername.toLowerCase() },
+      select: { id: true, isFund: true },
+    })
+    if (!user) return NextResponse.json({ error: 'User not found.' }, { status: 404 })
+    if (user.isFund) return NextResponse.json({ error: 'Cannot add a fund as a manager.' }, { status: 400 })
+
+    await prisma.fundManager.upsert({
+      where: { fundId_userId: { fundId: fund.id, userId: user.id } },
+      create: { fundId: fund.id, userId: user.id },
+      update: {},
+    })
+  }
+
+  if (removeManagerUserId) {
+    await prisma.fundManager.deleteMany({
+      where: { fundId: fund.id, userId: removeManagerUserId },
+    })
+  }
+
+  if (typeof balance === 'number') {
+    await prisma.user.update({ where: { id: fund.userId }, data: { balance } })
+  }
+
+  const updated = await prisma.hedgeFund.findUnique({
+    where: { id: fund.id },
+    include: {
+      user: { select: { balance: true } },
+      managers: {
+        include: { user: { select: { id: true, username: true, displayUsername: true } } },
+        orderBy: { addedAt: 'asc' },
+      },
+    },
+  })
+
+  return NextResponse.json(updated)
+}
+
+/**
+ * DELETE /api/admin/funds/[fundId]
+ * Deletes the fund and its shadow user (cascades positions/trades).
+ */
+export async function DELETE(
+  req: NextRequest,
+  { params }: { params: { fundId: string } }
+) {
+  const session = await getServerSession(authOptions)
+  if (!session?.user?.isAdmin) {
+    return NextResponse.json({ error: 'Forbidden' }, { status: 403 })
+  }
+
+  const fund = await prisma.hedgeFund.findUnique({ where: { id: params.fundId } })
+  if (!fund) return NextResponse.json({ error: 'Fund not found.' }, { status: 404 })
+
+  // Delete shadow user cascades positions, trades, and the fund record
+  await prisma.user.delete({ where: { id: fund.userId } })
+
+  return NextResponse.json({ ok: true })
+}

src/app/api/admin/funds/route.ts

@@ -0,0 +1,99 @@
+import { NextRequest, NextResponse } from 'next/server'
+import { getServerSession } from 'next-auth'
+import { authOptions } from '@/lib/auth'
+import { prisma } from '@/lib/prisma'
+import { z } from 'zod'
+import bcrypt from 'bcryptjs'
+
+const createSchema = z.object({
+  name: z.string().min(1).max(60),
+  initialBalance: z.number().min(0).default(10_000),
+})
+
+function toSlug(name: string) {
+  return name.toLowerCase().replace(/[^a-z0-9]+/g, '-').replace(/^-|-$/g, '')
+}
+
+/**
+ * POST /api/admin/funds
+ * Body: { name: string, initialBalance?: number }
+ * Creates a HedgeFund with a shadow User account.
+ */
+export async function POST(req: NextRequest) {
+  const session = await getServerSession(authOptions)
+  if (!session?.user?.isAdmin) {
+    return NextResponse.json({ error: 'Forbidden' }, { status: 403 })
+  }
+
+  const body = await req.json().catch(() => null)
+  const parsed = createSchema.safeParse(body)
+  if (!parsed.success) {
+    return NextResponse.json({ error: 'Invalid request.' }, { status: 400 })
+  }
+
+  const { name, initialBalance } = parsed.data
+  const slug = toSlug(name)
+
+  if (!slug) {
+    return NextResponse.json({ error: 'Fund name produces an empty slug.' }, { status: 400 })
+  }
+
+  // Check for existing fund
+  const existing = await prisma.hedgeFund.findFirst({
+    where: { OR: [{ name }, { slug }] },
+  })
+  if (existing) {
+    return NextResponse.json({ error: 'A fund with that name already exists.' }, { status: 409 })
+  }
+
+  // Shadow username must also be unique
+  const shadowUsername = `fund:${slug}`
+  const existingUser = await prisma.user.findUnique({ where: { username: shadowUsername } })
+  if (existingUser) {
+    return NextResponse.json({ error: 'Username conflict — try a different name.' }, { status: 409 })
+  }
+
+  // Create shadow user + fund in a transaction
+  const fund = await prisma.$transaction(async (tx) => {
+    const shadowUser = await tx.user.create({
+      data: {
+        username: shadowUsername,
+        displayUsername: name,
+        passwordHash: await bcrypt.hash(crypto.randomUUID(), 10), // random, non-loginable
+        balance: initialBalance,
+        isFund: true,
+      },
+    })
+
+    return tx.hedgeFund.create({
+      data: { name, slug, userId: shadowUser.id },
+      include: { user: { select: { balance: true } }, managers: true },
+    })
+  })
+
+  return NextResponse.json(fund, { status: 201 })
+}
+
+/**
+ * GET /api/admin/funds
+ * Returns all funds with their managers.
+ */
+export async function GET(req: NextRequest) {
+  const session = await getServerSession(authOptions)
+  if (!session?.user?.isAdmin) {
+    return NextResponse.json({ error: 'Forbidden' }, { status: 403 })
+  }
+
+  const funds = await prisma.hedgeFund.findMany({
+    orderBy: { createdAt: 'asc' },
+    include: {
+      user: { select: { balance: true } },
+      managers: {
+        include: { user: { select: { id: true, username: true, displayUsername: true } } },
+        orderBy: { addedAt: 'asc' },
+      },
+    },
+  })
+
+  return NextResponse.json(funds)
+}

src/app/api/trade/route.ts

@@ -9,6 +9,7 @@ const tradeSchema = z.object({
   hashtagId: z.string().min(1),
   type: z.enum(['BUY_LONG', 'SELL_LONG', 'BUY_SHORT', 'SELL_SHORT']),
   shares: z.number().positive().max(1_000_000),
+  fundId: z.string().optional(), // if set: trade on behalf of this fund
 })
 
 /**
@@ -24,12 +25,24 @@ export async function POST(req: NextRequest) {
     return NextResponse.json({ error: 'Invalid request.' }, { status: 400 })
   }
 
-  const { hashtagId, type, shares } = parsed.data
+  const { hashtagId, type, shares, fundId } = parsed.data
 
-  // Fetch hashtag and user together
+  // Fetch hashtag and determine which user account to trade as
+  let actorId = session.user.id
+  if (fundId) {
+    const membership = await prisma.fundManager.findUnique({
+      where: { fundId_userId: { fundId, userId: session.user.id } },
+      include: { fund: { select: { userId: true } } },
+    })
+    if (!membership) {
+      return NextResponse.json({ error: 'You are not a manager of this fund.' }, { status: 403 })
+    }
+    actorId = membership.fund.userId
+  }
+  // Fetch hashtag and actor account together
   const [hashtag, user] = await Promise.all([
     prisma.hashtag.findUnique({ where: { id: hashtagId, isActive: true } }),
-    prisma.user.findUnique({ where: { id: session.user.id } }),
+    prisma.user.findUnique({ where: { id: actorId } }),
   ])
 
   if (!hashtag) return NextResponse.json({ error: 'Hashtag not found or inactive.' }, { status: 404 })

src/app/fund/[slug]/page.tsx

@@ -0,0 +1,218 @@
+import { prisma } from '@/lib/prisma'
+import { getServerSession } from 'next-auth'
+import { authOptions } from '@/lib/auth'
+import { notFound } from 'next/navigation'
+import { formatCurrency, formatPnl, pnlColor } from '@/lib/utils'
+import { formatDistanceToNow } from 'date-fns'
+import Link from 'next/link'
+import { Building2, TrendingUp, TrendingDown } from 'lucide-react'
+
+export const dynamic = 'force-dynamic'
+
+export default async function FundPage({ params }: { params: { slug: string } }) {
+  const session = await getServerSession(authOptions)
+  const slug = decodeURIComponent(params.slug).toLowerCase()
+
+  const fund = await prisma.hedgeFund.findUnique({
+    where: { slug },
+    include: {
+      user: {
+        select: {
+          balance: true,
+          positions: {
+            where: { shares: { gt: 0 } },
+            include: { hashtag: { select: { tag: true, displayTag: true, currentPrice: true, isActive: true } } },
+          },
+          trades: {
+            orderBy: { createdAt: 'desc' },
+            take: 30,
+            include: { hashtag: { select: { tag: true, displayTag: true } } },
+          },
+        },
+      },
+      managers: {
+        include: { user: { select: { id: true, username: true, displayUsername: true } } },
+        orderBy: { addedAt: 'asc' },
+      },
+    },
+  })
+
+  if (!fund) notFound()
+
+  const isManager = session
+    ? fund.managers.some((m) => m.userId === session.user.id)
+    : false
+
+  const positions = fund.user.positions
+  const portfolioValue = positions.reduce((sum, p) => {
+    const val = p.positionType === 'LONG'
+      ? p.shares * p.hashtag.currentPrice
+      : p.avgBuyPrice * p.shares - (p.hashtag.currentPrice - p.avgBuyPrice) * p.shares
+    return sum + val
+  }, 0)
+  const unrealizedPnl = positions.reduce((sum, p) => {
+    const pnl = p.positionType === 'LONG'
+      ? (p.hashtag.currentPrice - p.avgBuyPrice) * p.shares
+      : (p.avgBuyPrice - p.hashtag.currentPrice) * p.shares
+    return sum + pnl
+  }, 0)
+
+  const totalValue = fund.user.balance + portfolioValue
+
+  return (
+    <div className="max-w-4xl mx-auto space-y-8">
+      {/* Header */}
+      <div className="flex flex-col sm:flex-row items-start sm:items-center justify-between gap-4">
+        <div>
+          <div className="flex items-center gap-2 mb-1">
+            <Building2 className="h-6 w-6 text-indigo-400" />
+            <h1 className="text-3xl font-bold">{fund.name}</h1>
+          </div>
+          <p className="text-slate-500 text-sm">Hedge Fund</p>
+          {isManager && (
+            <span className="inline-block mt-2 text-xs px-2 py-0.5 rounded bg-indigo-500/20 text-indigo-300 border border-indigo-500/30">
+              You are a manager of this fund
+            </span>
+          )}
+        </div>
+        <div className="text-right">
+          <p className="text-3xl font-bold">{formatCurrency(totalValue)}</p>
+          <p className="text-sm text-slate-400">total fund value</p>
+        </div>
+      </div>
+
+      {/* Stats */}
+      <div className="grid grid-cols-2 sm:grid-cols-4 gap-4">
+        {[
+          { label: 'Cash', value: formatCurrency(fund.user.balance) },
+          { label: 'Invested', value: formatCurrency(portfolioValue) },
+          { label: 'Unrealized P&L', value: formatPnl(unrealizedPnl), colorClass: pnlColor(unrealizedPnl) },
+          { label: 'Managers', value: String(fund.managers.length) },
+        ].map(({ label, value, colorClass }) => (
+          <div key={label} className="bg-surface-card border border-surface-border rounded-xl p-4">
+            <p className="text-xs text-slate-500 mb-1">{label}</p>
+            <p className={`text-lg font-semibold ${colorClass ?? ''}`}>{value}</p>
+          </div>
+        ))}
+      </div>
+
+      {/* Manager trading panel */}
+      {isManager && (
+        <div className="bg-indigo-500/5 border border-indigo-500/20 rounded-xl p-5">
+          <h2 className="font-semibold mb-1 flex items-center gap-2">
+            <Building2 className="h-4 w-4 text-indigo-400" />
+            Trade on behalf of this fund
+          </h2>
+          <p className="text-sm text-slate-400 mb-4">
+            Search for a hashtag below and trade using the fund&apos;s balance.
+            All positions and profit belong to the fund.
+          </p>
+          <div className="flex gap-2">
+            {positions.map((p) => (
+              <Link
+                key={p.id}
+                href={`/hashtag/${p.hashtag.tag}?fund=${fund.slug}`}
+                className="text-xs bg-surface border border-surface-border hover:border-indigo-500/50 text-slate-300 hover:text-indigo-300 px-3 py-1.5 rounded-full transition-colors"
+              >
+                #{p.hashtag.displayTag}
+              </Link>
+            ))}
+            <Link
+              href={`/stocks?fund=${fund.slug}`}
+              className="text-xs bg-indigo-600/20 border border-indigo-500/30 hover:bg-indigo-600/30 text-indigo-300 px-3 py-1.5 rounded-full transition-colors"
+            >
+              Browse all stocks →
+            </Link>
+          </div>
+        </div>
+      )}
+
+      {/* Open positions */}
+      {positions.length > 0 && (
+        <div className="bg-surface-card border border-surface-border rounded-xl overflow-hidden">
+          <h2 className="text-sm font-medium text-slate-400 px-4 py-3 border-b border-surface-border">
+            Open Positions
+          </h2>
+          <div className="divide-y divide-surface-border">
+            {positions.map((p) => {
+              const pnl = p.positionType === 'LONG'
+                ? (p.hashtag.currentPrice - p.avgBuyPrice) * p.shares
+                : (p.avgBuyPrice - p.hashtag.currentPrice) * p.shares
+              return (
+                <div key={p.id} className="flex items-center justify-between px-4 py-3 text-sm">
+                  <div className="flex items-center gap-3">
+                    <Link
+                      href={isManager ? `/hashtag/${p.hashtag.tag}?fund=${fund.slug}` : `/hashtag/${p.hashtag.tag}`}
+                      className="font-medium text-indigo-300 hover:text-indigo-200"
+                    >
+                      #{p.hashtag.displayTag}
+                    </Link>
+                    <span className={`text-xs px-1.5 py-0.5 rounded ${p.positionType === 'LONG' ? 'bg-emerald-500/15 text-emerald-400' : 'bg-red-500/15 text-red-400'}`}>
+                      {p.positionType}
+                    </span>
+                  </div>
+                  <div className="text-right">
+                    <p className="font-medium">{formatCurrency(p.shares * p.hashtag.currentPrice)}</p>
+                    <p className={`text-xs ${pnlColor(pnl)}`}>{formatPnl(pnl)}</p>
+                  </div>
+                </div>
+              )
+            })}
+          </div>
+        </div>
+      )}
+
+      {/* Managers */}
+      <div className="bg-surface-card border border-surface-border rounded-xl overflow-hidden">
+        <h2 className="text-sm font-medium text-slate-400 px-4 py-3 border-b border-surface-border">
+          Managers
+        </h2>
+        {fund.managers.length === 0 ? (
+          <p className="text-slate-500 text-sm px-4 py-3">No managers assigned yet.</p>
+        ) : (
+          <div className="divide-y divide-surface-border">
+            {fund.managers.map((m) => (
+              <div key={m.id} className="flex items-center justify-between px-4 py-3 text-sm">
+                <Link href={`/profile/${m.user.username}`} className="text-slate-300 hover:text-white">
+                  {m.user.displayUsername ?? m.user.username}
+                </Link>
+                <span className="text-xs text-slate-500">
+                  since {formatDistanceToNow(new Date(m.addedAt), { addSuffix: true })}
+                </span>
+              </div>
+            ))}
+          </div>
+        )}
+      </div>
+
+      {/* Recent trades */}
+      {fund.user.trades.length > 0 && (
+        <div className="bg-surface-card border border-surface-border rounded-xl overflow-hidden">
+          <h2 className="text-sm font-medium text-slate-400 px-4 py-3 border-b border-surface-border">
+            Recent Trades
+          </h2>
+          <div className="divide-y divide-surface-border">
+            {fund.user.trades.map((t) => (
+              <div key={t.id} className="flex items-center justify-between px-4 py-2.5 text-sm">
+                <div className="flex items-center gap-3">
+                  <span className={`text-xs font-medium px-2 py-0.5 rounded ${t.type.startsWith('BUY') ? 'bg-emerald-500/15 text-emerald-400' : 'bg-red-500/15 text-red-400'}`}>
+                    {t.type.replace('_', ' ')}
+                  </span>
+                  {t.hashtag && (
+                    <Link href={`/hashtag/${t.hashtag.tag}`} className="text-slate-300 hover:text-white">
+                      #{t.hashtag.displayTag}
+                    </Link>
+                  )}
+                </div>
+                <div className="text-right text-xs text-slate-400">
+                  <p>{formatCurrency(t.total)}</p>
+                  <p>{formatDistanceToNow(new Date(t.createdAt), { addSuffix: true })}</p>
+                </div>
+              </div>
+            ))}
+          </div>
+        </div>
+      )}
+    </div>
+  )
+}

src/app/hashtag/[tag]/TradePanel.tsx

@@ -9,11 +9,13 @@ interface Props {
   balance: number
   longPosition: { shares: number; avgBuyPrice: number } | null
   shortPosition: { shares: number; avgBuyPrice: number } | null
+  fundId?: string
+  fundName?: string
 }
 
 type Tab = 'BUY_LONG' | 'SELL_LONG' | 'BUY_SHORT' | 'SELL_SHORT'
 
-export function TradePanel({ hashtag, balance, longPosition, shortPosition }: Props) {
+export function TradePanel({ hashtag, balance, longPosition, shortPosition, fundId, fundName }: Props) {
   const router = useRouter()
   const [tab, setTab] = useState<Tab>('BUY_LONG')
   const [shares, setShares] = useState('')
@@ -38,7 +40,7 @@ export function TradePanel({ hashtag, balance, longPosition, shortPosition }: Pr
     const res = await fetch('/api/trade', {
       method: 'POST',
       headers: { 'Content-Type': 'application/json' },
-      body: JSON.stringify({ hashtagId: hashtag.id, type: tab, shares: sharesNum }),
+      body: JSON.stringify({ hashtagId: hashtag.id, type: tab, shares: sharesNum, ...(fundId ? { fundId } : {}) }),
     })
 
     const data = await res.json()
@@ -54,6 +56,13 @@ export function TradePanel({ hashtag, balance, longPosition, shortPosition }: Pr
 
   return (
     <div className="bg-surface-card border border-surface-border rounded-xl p-6 space-y-5">
+      {fundName && (
+        <div className="flex items-center gap-2 text-xs bg-indigo-500/10 border border-indigo-500/30 rounded-lg px-3 py-2 text-indigo-300">
+          <span className="text-lg">🏦</span>
+          Trading as <span className="font-semibold">{fundName}</span>
+          <span className="text-indigo-500 ml-auto">Fund mode</span>
+        </div>
+      )}
       <div className="flex items-center justify-between">
         <h2 className="font-semibold">Trade #{hashtag.displayTag}</h2>
         <span className="text-sm text-slate-400">

src/app/hashtag/[tag]/page.tsx

@@ -14,11 +14,13 @@ export const dynamic = 'force-dynamic'
 
 interface Props {
   params: { tag: string }
+  searchParams: { fund?: string }
 }
 
-export default async function HashtagPage({ params }: Props) {
+export default async function HashtagPage({ params, searchParams }: Props) {
   const session = await getServerSession(authOptions)
   const tag = decodeURIComponent(params.tag).toLowerCase().replace(/^#+/, '')
+  const fundSlug = searchParams.fund
 
   const [hashtag, userBalance, userPosition] = await Promise.all([
     prisma.hashtag.findUnique({
@@ -51,6 +53,29 @@ export default async function HashtagPage({ params }: Props) {
       : [],
   ])
 
+  // Resolve fund context if ?fund= is provided
+  let fundContext: { id: string; name: string; balance: number; positions: { hashtagId: string; positionType: string; shares: number; avgBuyPrice: number }[] } | null = null
+  if (fundSlug && session) {
+    const fund = await prisma.hedgeFund.findUnique({
+      where: { slug: fundSlug },
+      include: {
+        user: { select: { balance: true } },
+        managers: { where: { userId: session.user.id }, select: { userId: true } },
+      },
+    })
+    if (fund && fund.managers.length > 0) {
+      const fundPositions = await prisma.position.findMany({
+        where: { userId: fund.userId },
+      })
+      fundContext = {
+        id: fund.id,
+        name: fund.name,
+        balance: fund.user.balance,
+        positions: fundPositions,
+      }
+    }
+  }
+
   // Unknown hashtag — show research panel
   if (!hashtag || !hashtag.isActive) {
     return (
@@ -87,6 +112,15 @@ export default async function HashtagPage({ params }: Props) {
   const longPosition = positions.find((p) => p.positionType === 'LONG')
   const shortPosition = positions.find((p) => p.positionType === 'SHORT')
 
+  // When trading as a fund, show the fund's positions instead
+  const activeLong = fundContext
+    ? fundContext.positions.find((p) => p.hashtagId === hashtag.id && p.positionType === 'LONG' && p.shares > 0) ?? null
+    : longPosition ?? null
+  const activeShort = fundContext
+    ? fundContext.positions.find((p) => p.hashtagId === hashtag.id && p.positionType === 'SHORT' && p.shares > 0) ?? null
+    : shortPosition ?? null
+  const activeBalance = fundContext ? fundContext.balance : (userBalance?.balance ?? 0)
+
   return (
     <div className="space-y-8">
       {/* Header */}
@@ -125,17 +159,11 @@ export default async function HashtagPage({ params }: Props) {
             displayTag: hashtag.displayTag,
             currentPrice: hashtag.currentPrice,
           }}
-          balance={userBalance?.balance ?? 0}
-          longPosition={
-            longPosition
-              ? { shares: longPosition.shares, avgBuyPrice: longPosition.avgBuyPrice }
-              : null
-          }
-          shortPosition={
-            shortPosition
-              ? { shares: shortPosition.shares, avgBuyPrice: shortPosition.avgBuyPrice }
-              : null
-          }
+          balance={activeBalance}
+          longPosition={activeLong ? { shares: activeLong.shares, avgBuyPrice: activeLong.avgBuyPrice } : null}
+          shortPosition={activeShort ? { shares: activeShort.shares, avgBuyPrice: activeShort.avgBuyPrice } : null}
+          fundId={fundContext?.id}
+          fundName={fundContext?.name}
         />
       ) : (
         <div className="bg-surface-card border border-surface-border rounded-xl p-6 text-center">

src/app/lottery/page.tsx

@@ -5,8 +5,7 @@ import { Loader2, Dices, CheckCircle2 } from 'lucide-react'
 import { formatCurrency } from '@/lib/utils'
 import { useSession } from 'next-auth/react'
 import Link from 'next/link'
-
-const GRID_SIZE = 25
+import { GRID_SIZE, PRIZE_MAP } from '@/lib/lottery'
 
 type PickResult = {
   box: number
@@ -86,11 +85,24 @@ export default function LotteryPage() {
     )
   }
 
-  const prizeLabels: Record<number, string> = {
-    200: '🏆 $200',
-    50: '🥈 $50',
-    10: '🎁 $10',
-  }
+  const PRIZE_EMOJIS = ['🏆', '🥈', '🎁', '✨', '⭐']
+  const uniquePrizes = [...new Set(Object.values(PRIZE_MAP))].filter(v => v > 0).sort((a, b) => b - a)
+  const prizeCounts = uniquePrizes.reduce<Record<number, number>>((acc, amt) => {
+    acc[amt] = Object.values(PRIZE_MAP).filter(v => v === amt).length
+    return acc
+  }, {})
+  const prizeBoxCount = Object.values(PRIZE_MAP).filter(v => v > 0).length
+  const emptyBoxCount = GRID_SIZE - prizeBoxCount
+  const TIER_COLORS = [
+    { bg: 'bg-amber-500/10', border: 'border-amber-500/20', text: 'text-amber-400' },
+    { bg: 'bg-slate-500/10', border: 'border-slate-500/20', text: 'text-slate-300' },
+    { bg: 'bg-emerald-500/10', border: 'border-emerald-500/20', text: 'text-emerald-400' },
+    { bg: 'bg-indigo-500/10', border: 'border-indigo-500/20', text: 'text-indigo-400' },
+    { bg: 'bg-pink-500/10', border: 'border-pink-500/20', text: 'text-pink-400' },
+  ]
+  const prizeLabels: Record<number, string> = Object.fromEntries(
+    uniquePrizes.map((amt, i) => [amt, `${PRIZE_EMOJIS[i] ?? '🎁'} ${formatCurrency(amt)}`])
+  )
 
   return (
     <div className="max-w-xl mx-auto space-y-8">
@@ -107,21 +119,22 @@ export default function LotteryPage() {
       {/* Prize table */}
       <div className="bg-surface-card border border-surface-border rounded-xl p-4">
         <p className="text-xs text-slate-500 mb-3 font-medium uppercase tracking-wider">Prize pool</p>
-        <div className="grid grid-cols-3 gap-2 text-sm text-center">
-          <div className="bg-amber-500/10 border border-amber-500/20 rounded-lg p-2">
-            <p className="font-bold text-amber-400">$200</p>
-            <p className="text-xs text-slate-500">×1 box</p>
+        <div
+          className="grid gap-2 text-sm text-center"
+          style={{ gridTemplateColumns: `repeat(${uniquePrizes.length}, 1fr)` }}
+        >
+          {uniquePrizes.map((amt, i) => {
+            const color = TIER_COLORS[i] ?? TIER_COLORS[TIER_COLORS.length - 1]
+            const count = prizeCounts[amt]
+            return (
+              <div key={amt} className={`${color.bg} border ${color.border} rounded-lg p-2`}>
+                <p className={`font-bold ${color.text}`}>{formatCurrency(amt)}</p>
+                <p className="text-xs text-slate-500">×{count} box{count !== 1 ? 'es' : ''}</p>
               </div>
-          <div className="bg-slate-500/10 border border-slate-500/20 rounded-lg p-2">
-            <p className="font-bold text-slate-300">$50</p>
-            <p className="text-xs text-slate-500">×2 boxes</p>
+            )
+          })}
         </div>
-          <div className="bg-emerald-500/10 border border-emerald-500/20 rounded-lg p-2">
-            <p className="font-bold text-emerald-400">$10</p>
-            <p className="text-xs text-slate-500">×3 boxes</p>
-          </div>
-        </div>
-        <p className="text-xs text-slate-600 mt-2 text-center">Remaining 19 boxes: $0</p>
+        <p className="text-xs text-slate-600 mt-2 text-center">All remaining {emptyBoxCount} boxes: $0</p>
       </div>
 
       {/* Result banner */}

src/app/profile/[username]/page.tsx

@@ -3,6 +3,7 @@ import { getServerSession } from 'next-auth'
 import { authOptions } from '@/lib/auth'
 import { notFound } from 'next/navigation'
 import { formatCurrency, formatNumber, pnlColor, formatPnl } from '@/lib/utils'
+import { getBalanceTier } from '@/lib/pricing'
 import Link from 'next/link'
 import { TrendingUp, TrendingDown, Coins } from 'lucide-react'
 import ChangePasswordForm from './ChangePasswordForm'
@@ -74,9 +75,28 @@ export default async function ProfilePage({ params }: Props) {
             <p className="text-slate-500 text-sm">@{user.username}</p>
           )}
           {isOwn && (
-            <p className="text-slate-400 text-sm mt-1">
+            <div className="mt-1 text-sm text-slate-400 space-y-0.5">
+              {(() => {
+                const tier = getBalanceTier(user.balance)
+                return (
+                  <>
+                    <p>
+                      <span className="text-slate-300 font-medium">Tier {tier.level}</span>
+                      <span className="text-slate-600 mx-1.5">&middot;</span>
+                      {tier.pointsPerDay} research pt{tier.pointsPerDay !== 1 ? 's' : ''}/day
+                      {tier.nextThreshold && (
+                        <span className="text-slate-600 text-xs ml-1.5">
+                          (next tier at {formatCurrency(tier.nextThreshold)})
+                        </span>
+                      )}
+                    </p>
+                    <p>
                       {user.researchPoints} research point{user.researchPoints !== 1 ? 's' : ''} available
                     </p>
+                  </>
+                )
+              })()}
+            </div>
           )}
         </div>
         <div className="text-right">

src/lib/pricing.ts

@@ -25,6 +25,20 @@ export function dailyResearchPoints(balance: number): number {
   return 1
 }
 
+export interface BalanceTier {
+  level: number
+  pointsPerDay: number
+  nextThreshold: number | null
+}
+
+/** Returns the tier info for a given balance. */
+export function getBalanceTier(balance: number): BalanceTier {
+  if (balance >= 1_000_000) return { level: 4, pointsPerDay: 5, nextThreshold: null }
+  if (balance >= 100_000)   return { level: 3, pointsPerDay: 3, nextThreshold: 1_000_000 }
+  if (balance >= 10_000)    return { level: 2, pointsPerDay: 2, nextThreshold: 100_000 }
+  return                           { level: 1, pointsPerDay: 1, nextThreshold: 10_000 }
+}
+
 /**
  * Calculate the cost/proceeds and realized P&L for a trade.
  *

src/worker/index.ts

@@ -170,14 +170,18 @@ const maintenanceWorker = new Worker(
   async (job) => {
     console.log(`[maintenance] running daily maintenance (job ${job.id})`)
 
-    const users = await prisma.user.findMany({ select: { id: true, balance: true } })
+    const MAX_RESEARCH_POINTS = 10
+    const users = await prisma.user.findMany({ select: { id: true, balance: true, researchPoints: true } })
     for (const user of users) {
       const points = dailyResearchPoints(user.balance)
+      const newTotal = Math.min(user.researchPoints + points, MAX_RESEARCH_POINTS)
+      if (newTotal !== user.researchPoints) {
         await prisma.user.update({
           where: { id: user.id },
-        data: { researchPoints: { increment: points } },
+          data: { researchPoints: newTotal },
         })
       }
+    }
 
     console.log(`[maintenance] awarded research points to ${users.length} users`)
   },