 | |
 Headquarters in the Solow Building | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | July 2018 [1] |
| Founder | Daniel Sundheim [1] |
| Headquarters | Solow Building, 9 West 57th Street, New York City, New York, U.S. [2] |
| Products | Hedge fund Venture capital |
| AUM | US$24 billion (2022) [3] |
Number of employees | 65 (2022) |
| Footnotes /references [4] | |
D1 Capital Partners is an American investment firm based in New York City, United States. The firm invests in both public and private markets globally.
D1 Capital Partners was founded in July 2018 by Daniel Sundheim, [1] who is a minority owner of the Charlotte Hornets. [5] "D1" stands for "Day One," [6] a concept espoused by Amazon.com, Inc.'s Jeff Bezos as detailed in Amazon's 1997 Letter to Shareholders. [7] Sundheim was previously the Chief Investment Officer of Viking Global Investors [8] and put in more than $500 million of his own money to start the firm. [9] D1 Capital Partners is usually grouped with other Tiger Cub funds due to the firm being spun out from one. [10]
The firm originally managed $3 billion of capital, which rose to $20 billion by the end of 2020 with annualized returns of nearly 30%. [9] D1 returned 60% in 2020. [8]
In January 2021, the firm lost $4 billion (20% of its capital) due to the GameStop short squeeze. [8] As of April 2021, D1 recouped about 90% of its loss in January. [9]
In June 2021, the firm signed a 10-year lease to open another office in Miami, Florida. [11]
In May 2022, It was reported that the fund lost 23% of its value since the start of the year, with its public equities strategy losing 44%. [12]
In October 2024, it was reported that D1 gained 34% that year through September, after gaining 19% in 2023. D1 had made changes which included reducing its risk profile and increasing diversification of its investment coverage. [13]
D1 Capital Partners focuses on companies within the consumer, business services, financial services, healthcare, industrials, real estate, and technology, media and telecommunication sectors.
Regarding the public markets, the firm invests in publicly traded equities and other related securities such as equity derivatives and convertible bonds. It uses a global Long/short equity strategy focusing on medium to long-term returns. [14]
Regarding the private markets, the firm primarily focuses on taking later-stage non-controlling stakes in companies to help them further expand. [15] Notable private investments include Robinhood, [16] GitLab, [17] Instacart [18] and DriveNets [19]
Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, a mathematician who formerly worked as a code breaker during the Cold War.
Soros Fund Management, LLC is a privately held American investment management firm. It is structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. It is headquartered at 250 West 55th Street in New York City. As of 2023, Soros Fund Management, LLC had US$25 billion in AUM.
Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $63 billion in assets under management as of June 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.
Khosla Ventures is a private American venture capital firm based in Menlo Park, California. It was founded by entrepreneur Vinod Khosla in 2004.
Farallon Capital Management, L.L.C. is an American multi-strategy hedge fund headquartered in San Francisco, California. Founded by Tom Steyer in 1986, the firm employs approximately 230 professionals in eight countries around the world.
Sculptor Capital Management is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world.
Winton Group, Ltd is a British investment management firm founded by David Harding. In the United States, Winton is registered with the Securities and Exchange Commission as an investment advisor and with the Commodity Futures Trading Commission as a CTA, and is authorised by the Financial Conduct Authority in the UK. The company trades on more than 100 global futures markets in a wide variety of asset classes and on global equity markets. The firm was launched with $1.6 million in 1997, reached a peak of $28.5 billion in assets under advisement, before dropping to $7.3 billion by late 2020. Winton Group has six offices around the world: London, New York, Hong Kong, Shanghai, Sydney, and Abu Dhabi.
Davidson Kempner Capital Management LP is a global institutional alternative investment management firm with over $36 billion in assets under management. Davidson Kempner is headquartered in New York City, with additional offices in London, Hong Kong, Dublin, Philadelphia, Shenzhen and Mumbai. The firm is led by Anthony A. Yoseloff who serves as Executive Managing Member and Chief Investment Officer.
Two Sigma Investments, LP is a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. The firm was run by John Overdeck and David Siegel until August 2024.
Quantedge Capital is an alternative investment asset manager based in Singapore and New York City. It manages over US$3 billion under its flagship Quantedge Global Master Fund primarily on behalf of high-net-worth individuals, family offices and institutions.
Melvin Capital Management LP was an American investment management firm based in New York City. It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather.
Rokos Capital Management LLP (RCM) is a British Alternative Investment Fund Manager (AIFM). RCM is headquartered in London, with offices in New York,Washington DC and Singapore. It is authorised and regulated by the UK Financial Conduct Authority. The firm has around 200 employees.
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share, nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.
Citadel Securities LLC is an American market making firm providing liquidity and trade execution to retail and institutional clients, headquartered in Miami. The firm also trades futures, equities, credit, options, currencies, and Treasury bonds. It is the largest designated market maker on the New York Stock Exchange.
Geode Capital Management, LLC (Geode) is an American investment management firm based in Boston, Massachusetts.
Axa Investment Managers is a global investment management firm. It operates as the investment arm for Axa, a global insurance and reinsurance company.
ICONIQ Capital, LLC is an American investment management firm headquartered in San Francisco, California. It functions as a hybrid family office providing specialized financial advisory, private equity, venture capital, real estate, and philanthropic services to its clientele. ICONIQ Capital primarily serves ultra-high-net-worth clients working in technology, high finance, and entertainment. The firm operates in-house venture capital, growth equity, and charitable giving funds for its clients.
Balyasny Asset Management is an American investment management firm headquartered in Chicago. Outside the U.S., it has additional offices in Canada, London and Asia.
Adage Capital Management (Adage) is an American investment management firm based in Boston.
BFAM Partners (BFAM) is a hedge fund management firm based in Hong Kong. The firm focuses on investments in China and is known for investing in high-yield property debt as well as distressed securities.
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