{
  "portfolio_id": "PORT-001",
  "label": "Election demo",
  "balance_pusd": "10000.000000",
  "guardrails": {
    "max_concurrent_positions": 12,
    "daily_loss_limit_pusd": "500.000000",
    "max_drawdown_pct": 8.0,
    "cluster_exposure_caps": [
      { "cluster_id": "cluster.us_election_2026", "cap_pct_of_balance": 40.0 },
      { "cluster_id": "cluster.fed_decisions",    "cap_pct_of_balance": 20.0 }
    ]
  },
  "bound_strategies": ["STRAT-MOM01"]
}