What Ayrton Capital does

Ayrton Capital is an absolute-return focused investment management firm founded in December 2016 by Waqas Khatri and headquartered at 55 Post Rd W, 2nd Floor, Westport, Connecticut. The firm operates a multi-strategy mandate that combines fundamental research, quantitative analysis, and portfolio structuring to identify undervalued opportunities across asset classes (debt, equity, and equity-linked securities) and geographies. It expresses investment views through private placements, convertible arbitrage, volatility arbitrage, event-driven/distressed, and risk arbitrage strategies, with active coverage spanning the technology, natural resources, healthcare, and consumer sectors. The firm is asset-class, geography, and sector agnostic and emphasizes capital preservation, margin of safety, and risk integration from pre-trade through ongoing position monitoring.

The firm distributes its offerings exclusively via private placement memoranda, subscription agreements, and limited partnership agreements to qualified purchasers — institutional investors, family offices, and high-net-worth individuals — through direct, relationship-based outreach and an investor portal secured via SSO (GlobeOp / SS&C). No intermediaries, brokers, or third-party distribution partners are utilized. The ~8-person team includes Founder/CIO Waqas Khatri, General Counsel/CCO Daniel Altman (joined Jan 2024), Director of Finance & Operations Michael Villani (joined Sep 2024), and research, trading, and operations staff with backgrounds at JPMorgan Asset Management, Goldman Sachs, Roth Capital Partners, KPMG, and Schulte Roth & Zabel.

Revenue is generated through traditional alternative investment management economics — management fees and performance fees (carried interest) on funds and managed accounts — though no fee schedule, AUM, or revenue figures are publicly disclosed. The firm does not describe a proprietary technology platform; its intellectual edge is positioned as a function of talent, proprietary screening, trusted market contacts, and disciplined process rather than technology infrastructure. Ayrton Capital is privately held with no disclosed parent, external investors, or ownership split; legal entity is Ayrton Capital LLC, domiciled in Connecticut.

Name

Ayrton Capital

Legal name

Ayrton Capital LLC

Website

https://ayrtonllc.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Ayrton Capital is a Westport, Connecticut-based absolute-return investment firm founded in 2016 that manages funds and accounts for institutional and qualified investors across multi-strategy, asset-class, geography, and sector agnostic mandates.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industry

Sector-Focused Equity Long/Short (FSAHAAAC)

Keywords

• Alternative investments
• Absolute return strategies
• Portfolio management
• Event-driven investing
• Hedge fund management

Headquarters

HQ city

Westport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: A hedge fund/asset management firm that generates revenue through management fees and performance fees (carried interest) charged on returns generated for investors. The firm's website explicitly states it manages 'funds and accounts' and makes offerings through private placement memoranda, indicating a traditional alternative investment management fee structure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ayrton Capital manages pooled funds and separately managed accounts for institutional investors, family offices, and qualified purchasers, pursuing absolute returns through fundamental research, quantitative analysis, and portfolio structuring. The firm expresses investment views across debt, equity, and equity-linked securities using private placements, convertible arbitrage, volatility arbitrage, event-driven/distressed, and risk arbitrage strategies, and is asset-class, geography, and sector agnostic.

Product overview

Ayrton Capital is an absolute-return focused investment management firm that offers portfolio management services. The firm employs fundamental research, quantitative analysis, and portfolio structuring to identify investment opportunities across asset classes including technology, natural resources, healthcare, and consumer sectors. The firm expresses investment views through debt, equity, and equity-linked securities using various strategies such as private placements, convertible arbitrage, volatility arbitrage, event-driven/distressed, and risk arbitrage. No distinct named products or modules are offered — the firm provides integrated investment management services as a single offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Absolute-Return Investment Management Services Integrated investment management offering that combines fundamental research, quantitative analysis, and portfolio structuring to manage funds and accounts for institutional investors, family offices, and high-net-worth qualified purchasers. The firm is asset-class, geography, and sector agnostic, expressing investment views through debt, equity, and equity-linked securities in technology, natural resources, healthcare, and consumer sectors.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sabby Management: Small absolute-return hedge fund where Ayrton's trader previously worked; comparable in scale, multi-strategy orientation, and event-driven/arbitrage focus.
• Bulldog Investors: Activist and event-driven hedge fund with comparable small-firm structure, focus on special situations, and qualified-investor distribution model.
• Oasis Capital Management: Founder Waqas Khatri's prior firm where he managed portfolios across private placements, convertible arbitrage, volatility arbitrage, event-driven/distressed, and risk arbitrage — directly overlapping Ayrton's core strategies and target market.
• Karpus Investment Management: Independent asset manager serving institutional and high-net-worth clients with absolute-return strategies, comparable distribution and operational model.
• Tenor Capital Management: Another prior firm of the founder, also focused on event-driven and special situations strategies targeting institutional and qualified investors through private placements.
• LSV Advisors: Mid-sized investment management firm where Ayrton's GC/CCO previously served as General Counsel; comparable institutional asset management model with similar qualified-investor LP base.
• Aristeia Capital: Multi-strategy hedge fund with convertible arbitrage and event-driven specializations closely mirroring Ayrton's stated strategies.
• Boothbay Management: Small absolute-return hedge fund where Ayrton's operations analyst previously interned; comparable size, multi-strategy approach, and institutional investor base.
• Electron Capital Partners: Boutique hedge fund with a multi-strategy, asset-class agnostic mandate and event-driven orientation analogous to Ayrton's approach.

Broad incumbents

• Millennium Management: Large multi-strategy hedge fund platform that competes for institutional allocation but operates at vastly greater scale; relevant for understanding the institutional capital landscape Ayrton is targeting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ayrton Capital