/* Institutional presentation: restrained color, editorial hierarchy, readable detail. */
:root[data-theme="dark"] {
  color-scheme: dark;
  --bg: #101c27;
  --bg-alt: #152431;
  --surface: #192b39;
  --fg: #f3f3ec;
  --fg-mid: #bec8cd;
  --fg-dim: #aab8bf;
  --fg-faint: #99abb5;
  --accent: #9bc1dd;
  --accent-2: #9bc1dd;
  --line: #344755;
  --line-soft: #293b48;
  --nav-bg: #101c27;
  --focus-bg: #192c39;
}
:root {
  --editorial: Georgia, "Songti TC", "Noto Serif TC", serif;
}
body { font-weight: 400; }
.nav { background: var(--nav-bg); border-bottom: 1px solid var(--line); }
.nav.scrolled { backdrop-filter: none; }
.nav-inner { padding-top: 22px; padding-bottom: 22px; gap: 34px; }
.brand-mark { filter: none; width: 25px; height: 25px; }
.brand-name { font-size: 17px; letter-spacing: 0; }
.brand-thin { font-weight: 400; }
.nav-links { font-size: 14px; gap: 30px; }
.nav-utility { margin-left: 12px; }
.btn { border-radius: 0; font-size: 14px; }
.btn-solid { background: var(--fg); color: var(--bg); font-weight: 500; }
.btn-solid:hover { transform: none; box-shadow: none; background: var(--accent); color: var(--bg); }
.icon-btn { border-color: transparent; }
.hero { padding-top: 152px; }
.hero-grid { grid-template-columns: 1.35fr 0.85fr; gap: 80px; padding-bottom: 70px; align-items: center; }
.eyebrow {
  display: block; padding: 0; border: 0; border-radius: 0;
  font-family: var(--sans); font-size: 12px; font-weight: 500;
  letter-spacing: 0.12em; color: var(--accent); margin-bottom: 26px;
}
.hero-title {
  font-family: var(--editorial); font-weight: 400;
  font-size: clamp(48px, 5.8vw, 76px); line-height: 1.06;
  letter-spacing: -0.045em; margin-bottom: 28px;
}
.hero-title em { background: none; color: var(--accent); font-weight: 400; font-style: italic; }
.hero-sub { font-size: 17px; font-weight: 400; max-width: 54ch; line-height: 1.8; margin-bottom: 30px; }
.hero-cta { align-items: center; gap: 26px; }
.hero-text-link { font-size: 14px; color: var(--fg); padding: 10px 0; border-bottom: 1px solid var(--line); }
.hero-text-link:hover { color: var(--accent); border-color: var(--accent); }
.focus-link:hover { text-decoration: underline; text-underline-offset: 4px; }
.research-principles { display: grid; grid-template-columns: repeat(3, 1fr); gap: 32px; padding: 26px 0; border-top: 1px solid var(--line); border-bottom: 1px solid var(--line); }
.research-principles > div + div { border-left: 1px solid var(--line); padding-left: 32px; }
.research-principles p { font-size: 13px; color: var(--fg-mid); line-height: 1.65; }
.research-principles .research-principle-title { font-size: 15px; color: var(--fg); margin-bottom: 5px; font-weight: 500; }
.section { padding: 96px 0; }
.sec-head { max-width: 740px; margin-bottom: 44px; }
.sec-idx { font-family: var(--sans); font-size: 12px; letter-spacing: 0.12em; font-weight: 500; margin-bottom: 18px; }
.sec-title { font-family: var(--editorial); font-weight: 400; font-size: clamp(32px, 4vw, 48px); letter-spacing: -0.035em; line-height: 1.15; }
.sec-lede { font-size: 17px; font-weight: 400; line-height: 1.8; }
.thesis { gap: 40px; padding-top: 34px; }
.th-n { background: none; color: var(--accent); font-size: 14px; font-family: var(--mono); margin-bottom: 20px; }
.th h3, .card-title, .step h3 { font-size: 21px; font-weight: 500; letter-spacing: -0.02em; }
.th p, .card-body, .step p, .principle p { font-size: 15px; font-weight: 400; line-height: 1.8; }
.cards { grid-template-columns: repeat(2, minmax(0, 1fr)); gap: 0 48px; border: 0; background: none; }
.card { padding: 30px 0; border-top: 1px solid var(--line); background: none; }
.card:hover { background: none; }
.card::before { display: none; }
.card-idx { font-size: 12px; color: var(--accent); margin-bottom: 16px; }
.card-body { margin-bottom: 0; }
.approach-grid { gap: 70px; }
.step-n { font-size: 13px; }
.step p { max-width: none; }
.risk-note { display: grid; grid-template-columns: 1fr 1.5fr; gap: 50px; padding: 30px; margin-top: 52px; background: var(--focus-bg); border-left: 3px solid var(--accent); }
.risk-note h3 { font-family: var(--editorial); font-size: 26px; font-weight: 400; line-height: 1.25; }
.risk-note p { font-size: 15px; line-height: 1.8; color: var(--fg-mid); }
.insights { background: none; border: 0; gap: 36px; }
.insight { padding: 26px 0; border-top: 1px solid var(--line); background: none; }
.insight:hover { background: none; }
.insight-meta, .insight-link { font-family: var(--sans); font-size: 12px; }
.insight h3 { font-family: var(--editorial); font-size: 25px; font-weight: 400; line-height: 1.3; }
.insight p { font-size: 15px; font-weight: 400; line-height: 1.8; }
.principles { background: none; border: 0; }
.principle { padding: 24px 0; border-top: 1px solid var(--line); background: none; }
.principle h3 { font-size: 19px; }
.principle h3::before { display: none; }
.firm-team-link { display: inline-block; margin-top: 24px; }
.team-photo { border-radius: 0; }
.team-name { font-size: 20px; }
.team-role { font-family: var(--sans); font-size: 12px; letter-spacing: 0.025em; text-transform: none; line-height: 1.6; }
.team-bio { font-size: 14px; font-weight: 400; line-height: 1.75; }
.team-profile-copy > p:not(.team-profile-kicker, .team-profile-role) { font-size: 15px; }
.team-profile-kicker, .team-profile-role { font-family: var(--sans); font-size: 12px; }
.contact-title { font-family: var(--editorial); font-weight: 400; }
.contact-lede, .prose p, .prose ul { font-weight: 400; font-size: 16px; }
.anchor-alias { display: block; scroll-margin-top: 100px; }
.firm-contact { align-self: center; border-top: 1px solid var(--line); padding-top: 28px; }
.firm-contact h3 { margin: 0 0 14px; font-size: 20px; font-weight: 500; }
.firm-contact p { margin: 0 0 24px; color: var(--fg-mid); line-height: 1.8; }
.prose ol { margin: 0 0 24px 24px; color: var(--fg-mid); line-height: 1.8; }
.prose li + li { margin-top: 12px; }
.prose h3 { margin: 28px 0 12px; font-size: 20px; font-weight: 500; }
.prose p a, .prose li a { text-decoration: underline; text-underline-offset: 3px; }
.prose .article-scope { margin-top: 36px; padding-top: 22px; border-top: 1px solid var(--line); color: var(--fg-dim); font-size: 13px; line-height: 1.7; }
.field label, .field-check label, .cm-k { font-family: var(--sans); font-size: 12px; letter-spacing: 0.03em; }
.field input, .field select, .field textarea { border-radius: 0; font-size: 16px; }
.fine { color: var(--fg-dim); font-size: 12px; font-weight: 400; }
.foot {
  --fg: #f3f3ec;
  --fg-mid: #c4cdd2;
  --fg-dim: #b5c2cb;
  --fg-faint: #a3b5c0;
  --line: #3b4c59;

  background: #172f43; color: var(--fg);
}
.foot-links, .foot-legal-links { font-family: var(--sans); }

/* A quiet technical diagram gives the investment themes their own identity. */
.research-focus {
  --fg: #f3f3ec;
  --fg-mid: #c2d0d6;
  --accent: #a9ccc4;
  --line: #3a5260;

  padding: 30px 32px 26px;
  background: #172f43;
  color: var(--fg);
  border-top: 3px solid #729c98;
}
.focus-kicker { font-family: var(--editorial); font-size: 30px; color: var(--fg); letter-spacing: -0.025em; text-transform: none; line-height: 1.2; }
.focus-subtitle { margin-top: 8px; font-size: 13px; color: var(--fg-mid); }
.focus-list { list-style: none; margin-top: 22px; padding: 0; }
.focus-list li { display: flex; align-items: baseline; position: relative; gap: 18px; padding: 16px 0 24px; border-bottom: 0; }
.focus-list li:not(:last-child)::after { content: ""; position: absolute; left: 16px; top: 49px; bottom: -9px; width: 1px; background: var(--line); }
.focus-list li:not(:last-child)::before { content: ""; position: absolute; left: 13px; bottom: -9px; width: 7px; height: 7px; border-right: 1px solid var(--accent); border-bottom: 1px solid var(--accent); transform: rotate(45deg); }
.focus-number { font-family: var(--mono); font-size: 12px; color: var(--accent); display: inline-flex; align-items: center; justify-content: center; flex: 0 0 33px; width: 33px; height: 33px; border: 1px solid var(--line); border-radius: 50%; }
.focus-list h2 { font-family: var(--display); font-weight: 500; font-size: 29px; line-height: 1.2; margin-bottom: 6px; }
.focus-list p { font-size: 12px; }
.focus-feedback { border-top: 1px solid var(--line); padding-top: 17px; color: var(--fg-mid); font-size: 12px; line-height: 1.6; }
.focus-feedback::before { content: "↶"; color: var(--accent); margin-right: 8px; }
.focus-link { display: inline-block; font-size: 13px; padding-top: 15px; color: var(--accent); }
.team-profile-copy h2 { font-family: var(--editorial); font-weight: 400; }
:root[data-theme="dark"] .research-focus { background: #1b3344; }
@media (min-width: 561px) and (max-width: 820px) {
  .focus-list li { padding-right: 10px; }
  .focus-list li:not(:last-child)::after { left: 43px; right: -6px; top: 32px; bottom: auto; width: auto; height: 1px; }
  .focus-list li:not(:last-child)::before { left: auto; right: -6px; top: 29px; bottom: auto; transform: rotate(-45deg); }
  .focus-list h2 { font-size: 25px; }
}
@media (max-width: 560px) {
  .focus-kicker { font-size: 28px; }
  .focus-list li { padding-top: 16px; padding-bottom: 24px; }
}

@media (max-width: 1040px) {
  .hero-grid { grid-template-columns: 1.25fr 0.9fr; gap: 36px; }
  .hero-title { font-size: 58px; }
  .hero-cta { gap: 18px; }
  .research-focus { padding: 24px; }
  .nav-utility { margin-left: auto; }
  .nav-toggle { margin-left: 0; }
  .approach-grid, .firm-grid { grid-template-columns: 1fr; gap: 42px; }
  .approach-grid .sec-head { position: static; }
}
@media (max-width: 820px) {
  .hero { padding-top: 126px; }
  .hero-grid { grid-template-columns: 1fr; gap: 38px; padding-bottom: 40px; }
  .hero-title { font-size: clamp(44px, 8vw, 66px); }
  .hero-sub { max-width: 60ch; }
  .research-focus { padding: 24px; }
  .focus-list { display: grid; grid-template-columns: repeat(3, minmax(0, 1fr)); gap: 20px; }
  .focus-list li { display: block; padding: 16px 0; }
  .focus-list h2 { font-size: 28px; margin-top: 10px; }
  .research-principles { gap: 20px; }
  .research-principles > div + div { padding-left: 20px; }
  .section { padding: 70px 0; }
  .risk-note { grid-template-columns: 1fr; gap: 16px; padding: 24px; }
}
@media (max-width: 560px) {
  .nav-inner { gap: 18px; }
  .brand-name { font-size: 15px; }
  .brand-mark { width: 20px; height: 20px; }
  .nav-utility { gap: 4px; }
  .hero-cta { align-items: flex-start; flex-direction: column; gap: 10px; }
  .hero-cta .btn { flex: auto; width: 100%; }
  .hero-text-link { align-self: flex-start; }
  .focus-list { grid-template-columns: 1fr; gap: 0; }
  .focus-list li { display: flex; align-items: baseline; gap: 22px; }
  .focus-list h2 { margin-top: 0; }
  .research-principles { grid-template-columns: 1fr; gap: 20px; }
  .research-principles > div + div { padding-left: 0; border-left: 0; }
  .cards { grid-template-columns: 1fr; }
}