Freestone Grove Partners

Co-Founder Daniel Beltzman serves as Chief Investment Officer and has ultimate authority over portfolio construction and risk allocation across all investment teams. Beltzman was previously a senior leader in Citadel's Global Equities division, where he managed large fundamental equities portfolios. His co-founder Justin Drobisch serves as Chief Operating Officer and does not manage investment risk, a structural separation that allows Beltzman to focus entirely on the portfolio. The firm recruits sector-focused portfolio managers who run concentrated long/short books within a centrally defined risk budget.

Freestone Grove is structured as a multi-manager platform. Capital is allocated across internal teams specializing in specific sectors, all operating under a centralized risk framework and market-neutral mandate. This model mirrors the architecture of larger peers like Citadel, Point72, and Millennium Management, but Freestone Grove launched with a commitment to cap total assets at a level that allows its teams to trade smaller, less crowded names. The firm does not operate as a single CIO making every position-level decision.

The firm launched with roughly $3.5 billion in committed capital and has signaled an intent to cap total assets at a level well below the largest multi-manager peers, likely in the sub-$10 billion range. This capacity discipline is core to its pitch: avoiding the asset bloat that forces larger platforms into mega-cap names where alpha is harder to extract. While the firm has not publicly announced a hard close date, its launch communications emphasized preserving headroom rather than maximizing asset gathering.

The firm does not pursue macro, systematic quant, or credit strategies as primary return drivers. Its mandate is concentrated in fundamental, bottom-up long/short equities with a market-neutral posture. The firm also avoids private investments, venture capital, and illiquid credit, maintaining a liquid-only portfolio that supports daily or weekly redemption terms for investors. This pure-play focus contrasts with multi-manager peers that have expanded into credit, macro, and private markets.

Freestone Grove launched with approximately $3.5 billion in capital commitments from a mix of institutional allocators, though the specific backers have not been publicly disclosed. The size of the launch suggests participation from pension funds, endowments, or sovereign wealth funds rather than a single anchor family office. Per public record, the launch was structured as a traditional external hedge fund with third-party investor capital, not as a family office or personal vehicle for any single principal.