Landscape Capital Management

Co-founder David S. Frank serves as Chief Investment Officer and oversees all investment activities. Frank previously managed systematic equity portfolios at Millennium Management and held a similar role at Citadel earlier in his career. CEO Andrew Fish, who also ran a technology-focused equity book at Millennium, focuses on firm operations and strategic direction while contributing to research.

Landscape combines traditional quantitative factor signals with alternative data using machine learning techniques. The firm's researchers evaluate candidate signals for economic rationality before model integration, filtering out statistical noise. This hybrid quantamental approach differentiates the firm from pure black-box systematic managers and reflects the founders' experience inside discretionary-quant hybrid pods at Millennium.

Landscape Capital Management is a hedge fund, not a family office. The firm operates as a registered investment adviser, managing a pooled vehicle open to institutional investors. It was seeded by an external institutional partner at launch in 2014.

Landscape runs a market-neutral strategy, keeping net equity exposure tightly within low single digits. Gross exposure can range from 200% to 400%, distributed across hundreds of positions sized to limit single-name risk. The firm targets returns uncorrelated to equity beta, credit spreads, and traditional macro factors.

Landscape's strategy is focused on liquid, exchange-traded US equities from mid-to-large capitalization ranges. There is no public indication of systematic expansion into non-US markets, private investments, or fixed income, consistent with the firm's specialization in domestic equity factor and event-arbitrage strategies.

The firm was founded in 2014 by Andrew Fish and David Frank. Both had been portfolio managers at Millennium Management, where each ran systematic equity strategies. Prior to Millennium, Frank also worked at Citadel in a similar statistical arbitrage role.

The firm has not publicly explained the origin of the 'Landscape' name. In financial services, the term often suggests a multi-dimensional view of data or markets, which aligns with the firm's systematic, multi-signal investment process that pulls inputs from diverse data sources. This is interpretive; no official etymology is available.