# ZEGA Investments

ZEGA Investments is an Asset Manager based in Palm Beach Gardens, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Palm Beach Gardens, United States
- **Region:** North America
- **Address:** Boca Raton, FL, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** zega.com
- **LinkedIn:** https://www.linkedin.com/company/zega-investments-llc

## Regulatory record

- **CRD number:** 330428
- **SEC file number:** 801-130244
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/330428

## About

ZEGA INVESTMENTS, LLC is an SEC-registered investment adviser in PALM BEACH GARDENS, FL, registered since 2024. The firm manages approximately $614 million in assets. It has 10 employees and 10 investment advisers.

## Sectors

- Hedge Funds
- Private Credit

## People

- Jay Pestrichelli — Chief Executive Officer

## Questions

### Who runs investment decisions at ZEGA Investments?

Jay Pestrichelli, the firm's founder, serves as CEO and lead strategist. He co-authored "Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term" and makes the core strategy decisions alongside ZEGA's trading desk. The firm's public materials consistently frame Pestrichelli as the architect of its options-based mandates.

### How does ZEGA source its investment ideas?

ZEGA's strategies are quantitatively driven, sourced from systematic options pricing models rather than traditional security selection. The firm monitors volatility surfaces, risk premia, and macro trends to calibrate its collar and overlay structures. Private credit and real estate allocations are sourced through internal credit committees and developer relationships.

### Does ZEGA participate in fund commitments or only direct hedging mandates?

ZEGA manages both liquid hedging strategies (mutual funds, SMAs) and private funds focused on credit and real estate. In liquid strategies, it directly executes option positions. In private markets, its funds make direct and co-investment style commitments in real estate loans and specialty finance assets.

### Which asset classes does ZEGA explicitly avoid?

The firm rarely engages in venture capital, early-stage private equity, or directional long-only stock picking. Its mandate is intentionally risk-defined: the firm builds portfolios designed to participate in equity upside with hedged downside, avoiding strategies that require unconstrained directional conviction.

### How is ZEGA's real estate and credit business separated from its hedging funds?

ZEGA runs its private real estate and specialty credit exposure through distinct private fund vehicles—separate from the '40 Act mutual funds and SMAs that execute its public-market hedging strategies. The private portfolios target income-producing loans and property assets, and they do not commingle with hedged-equity investor capital.

## Related profiles

- [Seifdune Management](https://altss.com/profile/seifdune-management-lp)
- [Mings Capital Management](https://altss.com/profile/mings-capital-management-llc)

---

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

Canonical page: https://altss.com/profile/zega-investments-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology