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Garda Capital Partners
GARDA CAPITAL PARTNERS is an SEC-registered investment adviser in WAYZATA, MN, registered since 2016. The firm manages $207.1 billion in regulatory assets.
Garda Capital Partners
GARDA CAPITAL PARTNERS is an SEC-registered investment adviser in WAYZATA, MN, registered since 2016. The firm manages $207.1 billion in regulatory assets. It has 224 employees and 70 investment advisers.
General information
Firm type
Asset Manager
Year founded
2000
Location
Region
North America
Country
United States
City
Wayzata
Corporate office
Wayzata, MN, United States
Principals
David J. Druzynski
Chief Executive Officer
Todd G. Zerega
Chief Investment Officer
Jeffrey C. McDermott
President
Sector focus
Frequently asked questions
What investment strategies does Garda Capital Partners run?
Garda operates a multi-strategy, market-neutral book built around fixed-income arbitrage, volatility trading (equity index and interest rate options), convertible arbitrage, and event-driven corporate bond trades. The firm also participates in private credit and structured loans on a co-investment basis.
Is Garda Capital Partners structured as a family office?
No. Garda is a registered investment adviser (RIA) that manages capital for institutional allocators, endowments, and family offices. It is not a single-family office and does not concentrate assets from a single family.
How does Garda differentiate from other fixed-income or volatility managers?
Garda uses a systematic, quant-driven framework to model implied-vol surfaces and execute trades with automated risk controls. This contrasts with discretionary macro managers and positions the firm closer to a hedge fund than a traditional credit shop. The quantitative process is proprietary and has been refined over 25 years.
What types of returns or volatility profile does Garda target?
Garda targets absolute returns with low correlation to equity and bond indices, emphasizing capital preservation and consistent volatility control. The firm does not use significant leverage on directional bets; positions are typically hedged or market-neutral.
Does Garda accept new external capital or only manage existing LPs?
Garda offers a systematic credit fund (launched 2023) and manages separate accounts for institutional and family-office clients. The firm selectively accepts new capital from qualified purchasers, subject to capacity constraints in its strategies.
How large is the team at Garda Capital Partners?
The firm employs approximately 25 professionals, including portfolio managers, quantitative analysts, and operations staff. The team is based in Wayzata, Minnesota.
What is the firm's relationship with other Minneapolis-based investment firms?
Garda shares geographies and some LP relationships with other Twin Cities asset managers, but operates independently. The firm does not have a formal affiliation with any single family office or endowment beyond typical client relationships.
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