San Francisco’s Galiam Capital Launches Quant Fund

Feb 13 2012 | 1:15pm ET

Galiam Capital, a San Francisco-based algorithmic fund, launched on February 1 with over $100 million in AUM.

The market neutral fund uses proprietary mathematical models to identify statistical arbitrage and market-making opportunities. It currently trades U.S. equities and looks to add European and Asian equities within the year. Douglas Abrams, partner and head of marketing, affirms that the fund is on target to raise an additional $100 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.”

Alan Grujic, the former CEO of the prop. trading firm Infinium Securities,is Galiam’s managing partner and chief investment officer.

Galiam targets annual returns of 25% to 30%. The fund has a $5 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.

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