# Freestone Grove Partners

Freestone Grove Partners is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** freestonegrove.com

## Regulatory record

- **CRD number:** 328089
- **SEC file number:** 801-129178
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328089

## About

FREESTONE GROVE PARTNERS LP is an SEC-registered investment adviser in SAN FRANCISCO, CA, registered since 2024. The firm manages approximately $16.5 billion in regulatory assets. It has 182 employees and 105 investment advisers.

## Sectors

- Enterprise Software
- Financials
- Healthcare Services
- Industrial Tech
- Consumer

## Offices

- New York, NY, United States

## People

- Daniel Beltzman — Co-Founder & Chief Investment Officer
- Justin Drobisch — Co-Founder & Chief Operating Officer

## Questions

### Who runs investment decisions at Freestone Grove?

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.

### Is Freestone Grove a multi-manager platform or a single-manager fund?

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.

### What investment strategies does Freestone Grove explicitly avoid?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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