Readystate Asset Management
Readystate Asset Management LP is a privately held, multi-strategy hedge fund founded in 2021 by former Citadel executives, investing across credit, equity, and volatility for institutional and high-net-worth clients with approximately $2 billion AUM.
- Company typePrivate
- Founded2021
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Readystate Asset Management does
Readystate Asset Management LP is a privately held, unified multi-strategy investment firm founded in 2021 by David Grossman and Ryan Garino, both former Co-Heads of Global Credit at Citadel. The firm invests across the full spectrum of financial assets through six integrated strategies: Convertibles, Capital Structure, Relative Value, Distressed, Volatility, and Tail. Readystate targets institutional investors (pension funds, endowments, foundations, family offices, and sovereign wealth funds) and high-net-worth individuals seeking multi-strategy alternative exposure with low correlation to broader markets. The firm is headquartered in Chicago with a New York office and, as of December 31, 2025, manages approximately $2 billion in AUM with 42 employees.
Readystate's competitive position rests on proprietary real-time systems for risk decomposition and dynamic strategic capital allocation, supported by a multifocal research platform that synthesizes signal and human intelligence through quantitative and fundamental lenses. The firm's derivative pricing expertise, combining mathematical methods with discretionary judgment, is cited as a differentiator.
The firm operates under a typical hedge fund revenue model, generating investment management fees (and implicitly performance fees) on assets under management, with pricing negotiated individually with investment partners via a dedicated investor relations channel. Distribution is relationship-driven, primarily leveraging the founders' Citadel network and direct institutional outreach rather than intermediary distribution channels. The firm regularly discloses equity holdings through regulatory filings, including a disclosed $31.95 million position in Workiva as of November 2025, signaling active portfolio management across credit, equity, and volatility asset classes.
Readystate Asset Management firmographics
Firmographics- Name
- Readystate Asset Management
- Legal name
- Readystate Asset Management LP
- Website
- https://www.readyx.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Readystate Asset Management LP is a privately held, multi-strategy hedge fund founded in 2021 by former Citadel executives, investing across credit, equity, and volatility for institutional and high-net-worth clients with approximately $2 billion AUM.
- Ownership category
- akta.pro rank
Where Readystate Asset Management is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Readystate Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Investment Management Fees: Readystate generates revenue through investment management fees charged to investment partners. As a multi-strategy hedge fund, the firm likely employs a '2 and 20' fee structure (2% management fee on assets under management plus 20% performance fee on profits), common in the hedge fund industry.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Readystate Asset Management product offering
Product offeringCore offering
Readystate Asset Management LP is a unified, multi-strategy investment firm that manages approximately $2 billion in assets through six core strategies: Convertibles, Capital Structure, Relative Value, Distressed, Volatility, and Tail. The firm invests across the full spectrum of financial assets, integrating credit, equity, and volatility research to deliver a return stream with low correlation to broader markets. It serves institutional investors and high-net-worth clients through separately managed mandates and fund vehicles.
Product overview
Readystate Asset Management is a unified, multi-strategy investment firm offering a coordinated platform of six core investment strategies: Convertibles (diversified convertible securities portfolio), Capital Structure (relative value within firm capital structures), Relative Value (credit, equity, and systematic strategies), Distressed (liquid distressed, fundamental credit, and special situations), Volatility (options and volatility market strategies), and Tail (systemic stress support budget). These strategies work together as an integrated investment approach applied across the full spectrum of financial assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Convertibles Strategy A diversified portfolio of convertible securities balanced across sectors, lifecycle, and the parity spectrum, offered to institutional investors and high-net-worth clients as part of Readystate's multi-strategy platform.
- Capital Structure Strategy Relative value strategies deployed within individual firms' capital structures, available to Readystate's institutional and high-net-worth investors as part of the firm's integrated multi-strategy platform.
- Relative Value Strategy Credit, equity, and systematic relative value strategies that identify mispricings across related securities, available to institutional investors and high-net-worth clients.
- Distressed Strategy A process-oriented approach across liquid distressed, fundamental credit, and special situations, offered to Readystate's institutional and high-net-worth clients seeking exposure to stressed and distressed credit opportunities.
- Volatility Strategy Systematic, relative value, and discretionary strategies designed to monetize imbalances across options and volatility markets, available to institutional investors and high-net-worth clients.
- Tail Strategy An annual budget strategy providing portfolio support during periods of systemic and financial stress, designed to deliver downside protection for institutional and high-net-worth clients.
Quantifiable outcome
- Consistently delivering a high-quality return stream with low correlation to broader markets over the long term
Companies that use Readystate Asset Management
Customer profileSegments2 records
Ideal customer profiles2 records
Readystate Asset Management technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Readystate Asset Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
Readystate Asset Management competitors and assessment
Company assessmentDirect peers
- ExodusPoint Capital Management: Multi-strategy hedge fund founded by former Millennium partners, deploying capital across global macro, fixed income, equities, and commodities. Highly comparable in structure, strategy mix, and target investor base to Readystate.
- Balyasny Asset Management: Multi-strategy hedge fund founded by Dmitry Balyasny with a similar multi-asset, multi-strategy pod structure. Balyasny targets institutional and HNW investors with diversified strategies, mirroring Readystate's GTM and product architecture.
- Millennium Management: One of the largest multi-strategy hedge fund platforms, founded by Izzy Englander. Millennium operates a federation of trading pods across multiple asset classes — closely analogous to Readystate's multi-strategy approach — and competes for institutional capital and PM talent.
- Point72 Asset Management: Steve Cohen's multi-strategy firm operating across equities, macro, credit, and systematic strategies. Point72 competes directly for institutional capital and offers a similar diversified-strategy platform with proprietary research and technology.
- Verition Fund Management: Multi-strategy hedge fund founded by former Goldman Sachs proprietary trading head Rahul Raina. Verition operates a multi-asset, multi-strategy platform with similar institutional targeting to Readystate.
- Schonfeld Strategic Advisors: Multi-strategy hedge fund firm with a pod-based architecture across global equities, fixed income, and quantitative strategies. Schonfeld's structure and target investor base closely resemble Readystate's.
- Capula Investment Management: London-based multi-strategy hedge fund with credit and rates expertise founded by a former co-head of fixed income at Goldman Sachs. Capula operates a comparable diversified-strategy platform targeting institutional investors.
- Eisler Capital: Multi-strategy hedge fund founded by former Millennium CIO Ed Eisler. Eisler runs an integrated, multi-PM platform across global macro, equities, and credit — directly comparable to Readystate's model.
- Citadel: The world's largest multi-strategy hedge fund, founded by Ken Griffin. Citadel is the most direct comparable: Readystate's founders both served as Co-Heads of Global Credit at Citadel, and the firms share the multi-strategy, multi-asset, fundamental+quant integrated model.
Broad incumbents
- Bridgewater Associates: The world's largest hedge fund, founded by Ray Dalio, operating primarily systematic global macro strategies. While strategy mix differs, Bridgewater competes for the same institutional allocator mindshare and represents the upper bound of multi-strategy firm scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Readystate Asset Management social profiles
Digital presenceReadystate Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Readystate Asset Management leadership team
Management profileNumber of profiles
Profiles2 records
Readystate Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Readystate Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Readystate Asset Management
What does Readystate Asset Management do?
Readystate Asset Management LP is a unified, multi-strategy investment firm that manages approximately $2 billion in assets through six core strategies: Convertibles, Capital Structure, Relative Value, Distressed, Volatility, and Tail. The firm invests across the full spectrum of financial assets, integrating credit, equity, and volatility research to deliver a return stream with low correlation to broader markets. It serves institutional investors and high-net-worth clients through separately managed mandates and fund vehicles.
Is Readystate Asset Management a public or private company?
Readystate Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Readystate Asset Management founded?
Readystate Asset Management was founded in 2021. It employs 11 to 50 people.
Where is Readystate Asset Management based?
Readystate Asset Management is headquartered in Chicago, United States, in the North America region.
How does Readystate Asset Management make money?
One revenue line is on record: investment Management Fees.
Who are Readystate Asset Management's main competitors?
Direct peers on record are ExodusPoint Capital Management, Balyasny Asset Management, Millennium Management, Point72 Asset Management, Verition Fund Management, Schonfeld Strategic Advisors, Capula Investment Management, Eisler Capital and Citadel. Bridgewater Associates is listed as a broad incumbent.
Does Readystate Asset Management have an API?
No public API is recorded for Readystate Asset Management.