Updated:
Landscape Capital
Landscape Capital launched in 2018 after co-founders Michael Kharitonov and Dmitry Green departed Millennium Management, where Kharitonov served as a...
Landscape Capital
Landscape Capital launched in 2018 after co-founders Michael Kharitonov and Dmitry Green departed Millennium Management, where Kharitonov served as a senior managing director. The firm was established with early backing from D.E. Shaw and other anchor investors, operating initially from Englewood, New Jersey with a systematic, technology-first approach to multi-manager investing. Green brought risk-management architecture from his tenure at Millennium and earlier at Chilton Investment; Kharitonov contributed portfolio-manager recruiting and capital-allocation experience from more than a decade inside the platform model. The firm runs a multi-strategy, multi-PM model spanning fundamental equity long/short, systematic equity, relative-value fixed income, and quantitative macro. Portfolio managers operate from Englewood and a San Francisco office, trading discrete risk allocations with centralized risk oversight. Landscape does not disclose specific holdings, but public regulatory filings and coverage indicate material engagement across U.S. equities, FX, and fixed-income markets. The firm participates in the institutional prime-brokerage and synthetic financing ecosystem that underpins pod-shop economics — pass-through fee structures, tight drawdown limits, and daily risk monitoring define the operational posture. Asia and Europe exposure shows in execution trail data, though the firm has not published a geographic breakdown. The firm scaled rapidly: industry trackers report headcount approaching roughly 100 investment professionals by early 2025, with AUM crossing the $10 billion threshold according to third-party estimates. May 2024: Bloomberg reported that Landscape Capital was in discussions to raise fresh capital from institutional allocators, targeting $1-2 billion in new commitments to expand PM allocations (per Bloomberg, May 2024). In addition to the core fund, related reporting indicates the firm has explored adjacent risk-sharing vehicles for longer-duration systematic strategies. The co-founders maintain direct oversight of the central risk book, an architecture that departs from peers that formally separate CIO and CRO functions. Landscape's structural differentiator is its central-risk fusion: the co-founder serving as Chief Risk Officer sits inside the capital-allocation process rather than outside it, a governance design intended to speed up risk-feedback loops. The firm is not a family office, not a direct-investment platform, and not an incubator — it is a pure-play multi-manager fund that has compressed the typical ramp from launch to institutional-scale AUM into roughly half the industry norm. Succession and key-person risk remain concentrated in the two founders, a governance fact that institutional allocators track when evaluating multi-manager mandates.
General information
Firm type
Asset Manager
Year founded
2018
AUM
$10B-$15B (Altss estimate)
Location
Region
North America
Country
United States
City
Englewood
Corporate office
Englewood, NJ, United States
Additional offices
San Francisco, CA, United States
Principals
Michael Kharitonov
Co-Founder, Chief Executive Officer & Chief Investment Officer
Dmitry Green
Co-Founder, Chief Risk Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Landscape Capital?
Co-founder and CEO Michael Kharitonov serves as Chief Investment Officer, making him the central decision-maker for capital allocations, PM mandates, and overall portfolio construction. His co-founder Dmitry Green operates as Chief Risk Officer, feeding directly into allocation decisions — a structure in which the CRO sits inside the capital-allocation process rather than as an external check. This dual-leadership model traces back to their tenure at Millennium Management, where Kharitonov built out PM teams and Green engineered risk frameworks. No third executive with CIO-equivalent authority has been publicly identified.
How does Landscape Capital source portfolio managers?
The firm does not publicly disclose a centralized sourcing program, but the multi-manager pod-shop model runs on a continuous recruiting cycle — targeting experienced PMs from peer platforms like Millennium, Citadel, Point72, and Balyasny, as well as proprietary-trading and quant-research backgrounds. The co-founders' industry networks — Kharitonov's two decades in equity portfolio management and Green's risk-side relationships — are the de facto recruiting pipeline. Early backing from D.E. Shaw also provided both capital and a talent-network signal that shaped the initial PM roster.
Is Landscape Capital structured as a family office or a hedge fund?
Landscape Capital is a multi-manager hedge fund, not a family office. It operates the platform model — recruiting PM teams, allocating risk capital to them individually, and centralizing risk oversight — which is the same architecture used by Millennium, Citadel, and Point72. The firm takes outside institutional capital rather than managing a single fortune, and its pass-through fee structure aligns PM economics with fund-level performance, a defining feature of institutional multi-strategy platforms.
Does Landscape Capital participate in fund commitments or only direct trading strategies?
Landscape's core model is direct trading strategies executed by in-house PM teams and systematic books — not external fund commitments. The firm builds its own equity long/short, relative-value, and quantitative macro positions rather than allocating to third-party hedge funds. Public disclosures and regulatory filings show no known fund-of-funds or external-manager investment program, though the firm might hold positions in publicly listed alternative vehicles as part of individual PM mandates.
What market segments does Landscape Capital typically target?
The firm runs strategies spanning fundamental equity long/short, systematic equity, relative-value fixed income, and quantitative macro — giving it a multi-asset footprint across U.S. equities, FX, and rates markets. PMs operate under tight risk limits with daily monitoring, a structure favoring liquid, exchange-traded and over-the-counter instruments rather than private, illiquid assets. No direct private-equity or venture-capital mandate has been publicly disclosed, consistent with a public-markets volatility-capture model.
Which sectors does Landscape Capital explicitly avoid?
Landscape Capital has not published a formal exclusion list. Based on the firm's liquid-markets, multi-strategy mandate, it is unlikely to hold meaningful direct private-equity, real-estate, or venture-capital positions — these asset classes conflict with the daily liquidity and risk-monitoring architecture central to the pod-shop model. Sector neutrality is a feature of the multi-PM approach: individual PM books may short or avoid sectors by mandate, but no firm-level prohibition has been stated.
How does Landscape Capital manage risk given its rapid AUM growth?
The co-founder and Chief Risk Officer, Dmitry Green, built the firm's risk framework — reportedly a data-intensive architecture drawing from his tenure at Millennium and Chilton Investment, where he ran quantitative risk systems. The model centralizes position-level monitoring, drawdown limits, and correlations across PM books in real time, which is standard for institutional multi-manager platforms but notable at a firm that grew to over $10 billion in under five years. The CRO's seat inside the capital-allocation process rather than outside it is the structural differentiator — intended to speed feedback between risk signals and position resizing, reducing the latency that can accumulate when risk and allocation are organizationally separate.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: