Alpha by Design
An Intentional Approach
Readystate is structured with the goal of producing uncorrelated, high-quality, risk adjusted returns. Our integrated approach to our people, our culture and our investment process drive and build our competitive advantage.
The foundation of our investment process is built upon a deep understanding of the relationship between credit, equity and volatility; guided by a focus on the full distribution of underlying asset values and the related distributions of firm liabilities.
People
We are curious, collaborative, polymaths, focused on finding imbalances and opportunities within the global investment landscape.
We hire for depth and breadth. We prioritize diverse mindsets and backgrounds, and individuals who are lifelong learners.
Culture
Creative and analytical — every member of our team is an integral part of this high performance organization.
At Readystate, our ethos of teaching and learning fosters an environment where each individual is seen, valued and encouraged to actualize their full potential.
Transparency, teamwork and growth are the touchstones of our culture.
Process
Using both signal and human intelligence we discover, refine and amplify our alphas.
We set the strategic intent and in the context of consistent risk decomposition and management we tactically implement our strategies at a variety of frequencies.
Our firm endeavors to find the best opportunities in the interstitial space between asset classes and research domains.
Results
Simple to state, but hard to fulfill: our goal is to persistently deliver a high-quality return stream with low correlation to broader markets over a long period of time.
We are relentless in this pursuit.
Foundation
Readystate was established in Chicago’s vibrant Fulton Market district in 2021 by David Grossman and Ryan Garino, former Co-heads of Global Credit at Citadel.
Prior to Readystate, David was a private venture investor and entrepreneur, owning and operating businesses across several industries. He also previously worked at Deutsche Bank within the Quantitative Value Trading (QVT) group. David holds an AB in Applied Mathematics and Economics from Harvard College.
After fifteen years at Citadel, Ryan became an adjunct lecturer at Northwestern University, teaching on the topics of inefficient markets and derivatives. Ryan started his career at The Boston Consulting Group after graduating summa cum laude from Northwestern University with a BA/MA in Economics. He also holds an MBA, with honors, from the University of Chicago.
Through their partnership of over 20 years, David and Ryan have fostered a shared vision for a building a world class investment firm. In Readystate, they have established a teaching and learning organization that helps every team member reach their highest potential.
Our People and Culture
Readystate embodies the idea of preparedness—a constant state of awareness, analysis and agility on behalf of our investors. Our people turn readiness into results.
To achieve this, we’ve intentionally brought a humanist approach to people and investing. We’ve created a people-centered environment that includes broad perspectives and elevates impactful ideas. By giving talented and multidimensional people the freedom to think, explore and innovate, we add joy and value to investing.
Readystate’s Core Values
Integrity
We set and hold ourselves to the highest standards of ethical conduct. Nothing we do or achieve matters unless it’s done the right way. Our results are a reflection of our responsibility.
Excellence
Excellence is not a generic idea for us. We strive to simply be the best in the world at what we do. And to use our expertise, focus and commitment to set an ever-rising bar for quality, in all its definitions.
Creative Persistence
We turn learning, adapting and creating into a sustainable advantage. From our backbone of research and development, we innovate constantly, find opportunity amid change, and apply new ways to solve problems and generate results.
Partnership
We prioritize relationships over transactions. Partnership among all our stakeholders is fundamental to our work, helping us form enduring, rewarding bonds between our individual experts and our investment partners as we pursue their missions.
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