Freestone Grove Partners LP

Freestone Grove provides discretionary investment management exclusively to private pooled vehicles organized in a master-feeder structure and does not offer individual investment accounts. The firm reports managing approximately $16.5 billion in regulatory assets and operates from multiple offices to support its fund operations.

Its investment program emphasizes a beta‑neutral, long/short approach built from fundamental, bottoms‑up idea generation led by sector-specific portfolio managers across consumer, financials, healthcare, industrials, natural resources and TMT. Freestone Grove combines proprietary portfolio construction, alternative data and risk-management tools with a Beta Component that can replicate index exposure through ETFs, swaps, options and futures, and may also include private securities and event‑driven investments.

Freestone Grove’s business model differs from many peers in a few notable ways: it does not charge a traditional percentage‑of‑AUM management fee, instead using a pass‑through expense model while the general partner collects performance‑based allocations, and its Manager Expenses (including substantial employee and PM bonuses and startup costs) are allocated to the funds. The firm also relies on an exemption from CFTC registration in connection with commodity and futures activity and operates a multi‑manager platform with distinct compensation arrangements, features that can affect expense allocation and conflicts of interest relative to typical investment‑manager peers.