Freestone Grove, an equities-focused multi-manager hedge fund launched in 2024 by ex-Citadel executives Todd Barker and Daniel Murillo, has quietly doubled its assets to over $6bn while maintaining a relatively low profile, according to a report by Business Insider.

Originally launched with $3.5bn and 90 employees, the fund now has more than 180 staff and continues to expand selectively to new investors.

The fund posted gains of 11% in 2024 and 8.5% in 2025, according to people familiar with its performance, though it has slipped about 3% in 2026 through March. Plans are underway to grow its teams across sectors, aiming for two to three teams per area to support its equity-focused strategies.

Freestone differentiates itself from peers like Jain Global and Taula Capital, the other major 2024 launches, by marketing as an “anti-pod” fund. Unlike typical multi-manager structures, Freestone assigns fewer portfolio managers larger blocks of capital, emphasising collaboration and embedding quantitative processes across trading. Its approach mirrors the equities division of Citadel, with a focus on market-neutral strategies.

A Freestone spokesman reportedly declined to comment.