We Are
the Future of
Fundamental
Investing
Welcome
A Distinct Alternative
At Freestone Grove, we are pioneering an evolved investment system – one that fully integrates fundamental insights and quantitative capabilities.
We have an unwavering focus on operating at the forefront of the industry by capturing idiosyncratic investment ideas, improving our team and integrating advanced analytics into our process.
About Us
A Pioneering Approach
Freestone Grove is an investment firm seeking to deliver the highest-quality returns through the aggregation of extraordinary fundamental talent, advanced quantitative expertise and a highly differentiated operating platform.
We have architected a distinct alternative to the existing multi-manager offering – one that embraces the foundational mechanics of portfolio construction and avoids excess scale.
We believe a capacity-optimized environment leads to a significantly more aligned, durable and effective investment system for our team and capital partners.
Our Team
A Rare Partnership
Together, our founders have been pioneering the fundamental, multi-manager equities investing model by combining their fundamental and quantitative investing expertise. Our foundation builds on that partnership and a shared mindset of constant evolution to best capture the opportunity ahead.
Todd Barker
Chief Executive Officer & Chief Investment Officer
- Former Partner and 17-year veteran of Citadel
- Served as Head of Surveyor Capital, Citadel’s equity investment business for five years
- Previously held senior positions in Citadel’s Global Equity business, including as a Portfolio Manager and Regional Co-Manager of the San Francisco team
Daniel Morillo
Head of Quantitative Strategies
- Former Partner and Head of Equity Quantitative Research at Citadel for six years
- Previously led Barclays Global Investors’ global long/short quantitative portfolios and, after the BlackRock acquisition, led its global research for iShares and the model portfolio solutions group
Our Leadership Team
We share highly complementary skills and experience from some of the industry’s most successful firms.
89
Team
Members1
We have similar numbers of fundamental investment and quantitative / technical professionals
86%
of the leadership team shares prior work experience1
At launch, our team shared collaborative work experience from a number of successful firms
6
Investment
Sectors
Consumer, Financials, Healthcare, Industrials, Natural Resources and TMT
4
Office
Locations
San Francisco, New York, Houston and West Palm Beach
Our Approach
Architecting Outcomes
Our experience pioneering the modern multi-manager business model across key fundamental and quantitative disciplines led us to create a highly differentiated organizational design.
Public markets are brutally efficient
Domain expertise is a rare, compounding competitive advantage.
We seek to develop durable edge through our unique sector structure, highly focused coverage universes and significant investment in talent, resources and process.
A superior investment process has key attributes.
We have a refined, data-driven approach to time allocation, research and decision-making processes, portfolio construction, risk management and performance attribution that enables a more effective investment process.
Great talent alone is insufficient to consistently generate great returns
There is an opportunity to make each investment professional better.
A relentless focus on understanding individual strengths and weaknesses is necessary to drive continuous improvement. Our comprehensive suite of technologies, tools and resources empower our teams to improve faster and achieve more.
The marriage of fundamental insights with quantitative modeling is hard to execute, but extremely powerful when achieved.
In addition to the ongoing improvement of our team and investment process, our sophisticated central capabilities are designed to significantly enhance our firm-wide portfolio beyond the aggregation of individual investment teams.
Obsessive focus on outcomes optimizes firm design
There is an optimal number of risk-takers to drive the highest-quality returns.
Scale is critical to building a world-class platform, but scale of risk takers has diminishing returns as diversification benefits wane, collaboration and culture erode, costs increase proportionally and resources are increasingly directed towards managing complexity.
Significant value creation can be achieved by continuously enhancing components across the organization.
The magic is in executing and evolving hundreds of small things thoughtfully – from our firm design to the structure of the investment process to our culture of excellence and collaboration.
Investment Process
A Durable Investment System
Our industry specialists and quantitative experts work as a team, striving to uncover unique investment opportunities early and often.
Careers
Talent That Thrives Here
Our mission is clear – we want to be the best fundamental investment team in the world.
We are looking for people who appreciate the benefit of working in an integrated environment that embraces constant feedback. Together, we focus on what matters most. We strive for unique idea identification, improved processes and, ultimately, personal and organizational durability.
Our team is fully committed to developing Freestone Grove’s next generation of talent. We are proud of our culture of robust mentorship and individual enhancement through data and tools.
Clean-sheet opportunity
While our platform has significant breadth and the scale to compete with the best of the industry, we believe a smaller, more cohesive and less complex model achieves better collaboration and outcomes.
Fully integrated, transparent environment
We operate as one team – a combination of fundamental and quantitative experts – allowing us to accomplish more together.
Pioneering the future of fundamental investing
Investing durability requires constant evolution – we are curious, adaptive and lifelong learners who crave data-driven insights.
An Environment Built for Top Talent
To achieve something special in a fiercely competitive industry, an alternative approach to organizational design is critical.
We have fully integrated our fundamental and quantitative experts to operate as a unified, transparent and collaborative team. We believe this creates a more compelling opportunity with a stronger culture and more fulfilling operating environment.
Fundamental Investment Professionals
A platform that helps each investment professional get better, faster.
Our leadership team and sector leads have distinguished track records of developing the next generation of portfolio managers. Simply put, we want our investment professionals to continue to grow and achieve more.
Through our ongoing feedback and participant-designed resourcing, we provide the sophisticated tools needed to accelerate process enhancement, professional growth and upward mobility, resulting in:
- Efficient time-allocation model to build domain expertise
- Effective synthesis of information to drive insight and idea generation
- Optimal portfolio construction and performance attribution
Our approach seeks to avoid many of the issues experienced by multi-manager platforms, largely created by excess scale:
- Our unique sector structure allows for separate PM teams with common leadership and aligned resourcing, resulting in strong corporate access dynamics and superior chemistry
- We emphasize distributing capital allocation decisions to those closest to the investment idea versus only a centralized, top-down mandate
- A limited number of investment teams enhances the value proposition for each risk-taker within the organization
- Custom attribution frameworks place greater focus on top talent and a meritocratic, high-performance culture
Quantitative and Technical Team
Our quantitative and technical experts are constantly challenged and uniquely positioned as critical team members within our investing system.
Our leadership team is highly focused on integrating talent with various disciplinary backgrounds to achieve a cohesive and engaging environment.
- We work directly across our investment organization – we are not a middle- or back-office function operating in a service-oriented environment.
- We look to leverage our total maximum value by capturing insights, opportunities and efficiencies in as many places as possible.
We are a lean team with a clean-sheet building environment, taking on challenging problems and always looking to pioneer new approaches to strengthen our investment system.
- Our team includes a wide breadth of experts across data science, artificial intelligence, engineering, investments, risk and trading.
We’re looking forincisive thinkerS.
Contact Us
San Francisco
One Market Plaza
Steuart Tower, 9th Floor
San Francisco, CA 94105
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New York
375 Park Avenue
31st Floor
New York, NY 10152
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Houston
800 Rockmead Drive
Suite 121
Kingwood, TX 77339
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West Palm Beach
525 Okeechobee Boulevard
7th Floor, Suite 720
West Palm Beach, FL 33401
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1 Figures as of December 21, 2023. Headcount includes accepted offers that are pending start.