Castle Hook Partners LP

Castle Hook Partners LP advises and manages private pooled investment vehicles (including an onshore feeder, offshore feeder, intermediate fund and a master fund) and separately managed accounts for accredited and qualified investors. It serves those pooled vehicles on a discretionary basis and reported roughly $10.96 billion in regulatory assets under management as of December 31, 2025.

The firm pursues a global opportunistic strategy that combines discretionary macro, top‑down analysis with bottoms‑up security selection to construct concentrated portfolios of macro instruments, corporate securities and commodities, and it supplements that approach with opportunistic trading such as participation in equity capital markets transactions. Castle Hook also incorporates alternative data and emerging machine‑learning/AI tools into its research and trades across a wide set of instruments including equities, credit, foreign exchange, rates, derivatives and commodity markets.

Unlike many peer investment managers that focus solely on securities, Castle Hook is registered with the CFTC as a commodity pool operator and is a member of the NFA, relying on CFTC Regulation 4.7 exemptions — a regulatory posture that is uncommon for managers of pooled vehicles. The firm’s active commodity trading (including precious metals and energy), explicit cap‑and‑trade and carbon‑allowance exposures, and its licensure to hold physical carbon positions in California distinguish its trading activity and operational footprint from many peers.