"Freestone Grove, an equities-focused multimanager fund launched by Citadel alums, now has more than 180 employees, according to a March filing with regulators, while assets have eclipsed $6 billion and are poised to grow further as the firm opens up to select investors this year."
"Freestone posted gains of 11% and 8.5% in 2024 and 2025, respectively, according to people familiar with the figures and LP investment documents."
"Freestone plans to add teams to each of its coverage areas, with the eventual goal of having two to three teams per sector, according to a person familiar with the plans."
In 2024, hedge fund startups thrived, highlighted by Jain Global and Taula Capital, each launching with over $5 billion. Freestone Grove, an equities-focused fund, grew from $3.5 billion to over $6 billion, employing more than 180 staff. Despite a downturn in 2026, Freestone posted gains of 11% and 8.5% in 2024 and 2025. The fund plans to expand its teams across sectors, adopting a popular hedge fund structure that involves multiple portfolio managers and passing expenses to investors.
Read at www.businessinsider.com
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