San Francisco based algorithmic fund, Galiam Capital, debuted on 1 February, 2012 with over USD100 million under management (AUM). Galiam Capital provides liquidity to the financial markets by using proprietary mathematical models to identify statistical arbitrage and market-making opportunities.
The market neutral fund currently trades US equities and looks to add European and Asian equities in the next twelve months. Douglas Abrams, Partner and Head of Marketing, affirms that the Fund is on target to raise an additional USD100 million by the end of the first quarter 2012. “We are fortunate to have a diverse investor base, consisting of alternative asset managers, university endowments, family offices and high net worth individuals,” he says.
Alan Grujic, a veteran of the algorithmic trading space, serves as Galiam’s Managing Partner and Chief Investment Officer. Previously, Grujic was the CEO of Infinium Securities, Inc, a North American proprietary trading firm.
Galiam intends to utilise its technical models to create a portfolio of global, well diversified, multi asset class investments, while providing stable growth, which is independent of market direction and economic conditions.
Galiam Capital is targeting annual returns of 25% to 30%. The Fund has a USD5 million minimum investment requirement and charges a 2% management fee and 20% incentive fee. It has monthly liquidity, no lock-up period and uses Credit Suisse as a prime broker.
