Ghisallo Capital Management LLC

Ghisallo Capital Management LLC provides discretionary investment management to commingled funds and other pooled vehicles, including its Master Fund and Credit Funds; the firm’s brochure reports approximately $6.2 billion in assets under management as of December 31, 2025. Its investor base is institutional in nature (pension plans, endowments, sovereign wealth funds, family offices and similar entities) rather than retail separately managed accounts.

The firm describes a multidisciplinary, opportunistic investment approach that can include multi‑asset global macro, long/short equities, event‑driven strategies, structured and distressed credit, and relative‑value or capital‑structure arbitrage, using leverage and derivatives where appropriate. Ghisallo exercises broad discretionary authority across asset classes, and its materials note reliance on affiliates for trade execution, research and operational support while preserving flexibility to change strategies subject to each fund’s offering documents.

Several operational and structural features are highlighted as distinctive: the brochure discloses predecessor performance in its materials, and it explains that the Master Fund’s trading conventions (including treating aggregate capital account balances in a way that can materially increase notional exposure) can produce returns and volatility that differ from other entities the firm manages. The brochure also notes that the firm enters negotiated side letters and bespoke terms for certain investors, producing differing liquidity, fee and information rights across investors.