Diametric Capital

Diametric Capital

Diametric Capital was established in 2017 by Ravi Singh, who previously served as an investment associate at Bridgewater Associates—Ray Dalio's Westport-based macro giant. Singh pursued economics at Harvard before joining Bridgewater, where he operated within a culture built on systematic risk assessment and radical transparency. The fund he founded carries forward that intellectual lineage, applying a macroeconomic overlay to liquid instruments rather than constructing a market-neutral equity book. The launch represented a break from the multi-strategy platform model still ascendant at the time, instead opting for a single-manager, high-conviction structure. The fund deploys across global equities, commodities, currencies, and fixed income, with a discretionary macro framework that balances top-down regime analysis with bottom-up security selection. Singh has described the process in public communications as seeking asymmetric payoff structures where the expected dislocations in cross-asset relationships are mispriced. Confirmed positions are not routinely disclosed given the concentrated, liquid nature of the book, though public record indicates the strategy engages developed-market rates, energy and agricultural commodities, and both developed and emerging-market currencies. The geographic reach is global, with particular attention to G10 economies and select emerging markets where central bank policy divergence creates investable themes. The firm operates from Boston, maintaining a deliberately lean team structure characteristic of a founder-led macro fund. By 2023, the strategy had gathered attention for navigating the synchronous rate-hiking cycle without the tail-hedging cost drag that weighed on rival macro books, a posture Singh has attributed in public commentary to a willingness to run with convexity rather than against it. No affiliated philanthropic vehicle, co-investor club, or adjacent real-asset arm has been disclosed. Diametric's structural differentiator is its application of stochastic simulation and Bayesian inference techniques—hallmarks of Bridgewater's internal machinery—within a compact, single-decision-maker discretionary framework. Unlike the systematized macro funds or the multi-manager platforms that have come to dominate the industry, Diametric remains closer to the Tudor-Jones model of a single, concentrated risk-taker with a quantitative analytical spine. This hybrid architecture allows the portfolio to react to high-volatility regime shifts without committee-driven position sizing, a governance choice that makes the fund's risk profile inseparable from Singh's personal macro framework—and therefore difficult to replicate through any passive or multi-PM alternative.