 | |
| 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]
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. [13]
Regarding the private markets, the firm primarily focuses on taking later-stage non-controlling stakes in companies to help them further expand. [14] Notable private investments include Robinhood, [15] GitLab, [16] Instacart [17] and DriveNets [18]
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments.
Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.
Soros Fund Management, LLC is a private American investment management firm. It is currently 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. As of 2023, Soros Fund Management, LLC had $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 $62 billion in assets under management as of December 2022. The company has over 2,600 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 the most successful hedge fund of all time, posting $65.9 billion in net gains since inception in 1990.
Marshall Wace LLP is a British hedge fund headquartered in London, England, founded by Paul Marshall and Ian Wace in 1997. Marshall serves as chairman and chief investment officer, and Wace as a chief executive officer & chief risk officer. The company is recognised as one of the world's largest hedge fund managers.
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.
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 is run by John Overdeck and David Siegel.
Quantedge Capital is an alternative investment asset manager based in Singapore and New York City. It manages over US$2 billion under its flagship Quantedge Global 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 headquartered in Miami. It is one of the largest market makers in the world, and is active in more than 50 countries. It is the largest designated market maker on the New York Stock Exchange. Citadel Securities is a separate entity from the hedge fund Citadel LLC, although both were founded and are majority owned by American hedge fund manager Kenneth C. Griffin. Citadel Securities is expected to eventually move its headquarters from Chicago to Miami, having bought land there to build its new headquarters.
Geode Capital Management, LLC (Geode) is an American investment management firm based in Boston, Massachusetts.
Axa Investment Managers is a global investment management firm with offices in over 22 locations worldwide. It operates as the investment arm for Axa, a global insurance and reinsurance company.
ICONIQ Capital is an American wealth management and investment firm based in San Francisco, California. It functions as a family office that provides wealth management services to high net worth clients such as Mark Zuckerberg, Sheryl Sandberg, Jack Dorsey and Jeff Weiner. The firm also is involved in investments related to Private equity and Venture capital.
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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