Deployment-Time Memorization in Foundation-Model Agents

Foundation-model agents are increasingly long-lived systems that remember users across interactions, making memorization an explicit deployment-time function rather than solely a property of model weights. Existing work addresses parametric memorization or audits fixed memory configurations, but does not characterize how memory-design choices jointly shape personalization utility, extraction risk, and deletion fidelity. We study this surface as deployment-time memorization, formulating agent memory as a privacy-utility frontier measured by Personalization Recall (PR) and Adversarial Extraction Rate (AER), and sweeping three memory-design knobs: summarization aggressiveness, retrieval breadth (k), and deletion mode. We further introduce the Forgetting Residue Score (FRS) to quantify whether deleted information remains recoverable from derived memory tiers. On LongMemEval, key-fact summarization reduces canary extraction by 76% on Gemma 3 12B and 64% on GPT-4o-mini while preserving nearly all personalization recall; critically, once content is compressed away, increasing k no longer restores leakage. The same compression, however, induces a deletion-fidelity failure: raw-only deletion leaves derived summary copies recoverable in approximately 20% of instances, and only full-pipeline purge or tombstone redaction drives worst-tier residue to zero. Together, these results establish that persistent agent memory must be evaluated as a first-class memorization mechanism -- assessed by what it helps agents recall, what it makes extractable, and what it can truly erase.

FundaPod: A Multi-Persona Agent Pod Platform with Knowledge Graph Memory for AI-Assisted Fundamental Investment Research

Large language models (LLMs) are increasingly applied in finance, yet most existing work emphasizes trading signals or financial NLP tasks centered on prediction. Institutional fundamental research, by contrast, requires human analysts or AI agents to gather evidence, identify business drivers, compare competing viewpoints, and generate investment memos. Its broader goal is not merely to predict outcomes, but to produce investment plans that are transparent, reusable, and verifiable, while contributing to the cumulative development of investment knowledge. We present FundaPod, a multi-persona agent platform for AI-assisted fundamental investment research. We argue that fundamental research is a human-centric decision-support task that is qualitatively distinct from trading-signal generation, and is therefore better served by an independence-preserving architecture. In FundaPod, AI agents with different personas, such as value investors or macro strategists, conduct research independently under a shared provenance contract. Their disagreements are then surfaced post hoc for adjudication by the human portfolio manager (PM) through a knowledge-graph memory system. This paper contributes five design principles for human-AI hybrid systems supporting fundamental research, grounded in design-science practice and theories of cognitive isolation and human-machine coordination. It also describes four architectural mechanisms: a persona distillation pipeline that turns public investor materials into deployable agents; a declarative skill registry that lets the planner derive typed task graphs; a grounded evidence model that links memo claims to verifiable sources; and a knowledge-graph "second brain" that connects tickers, memos, analysts, and themes. We demonstrate the architecture through a complete case study and a persona-based memo comparison.