For informational purposes only. Not an offer or solicitation. Not an offer. Terms & Privacy
A bond investor’s discipline, in every market.
A privately offered multi-asset fund. Discretionary views across equities, rates, credit, commodities and FX, built on a structured framework and run to a single drawdown budget.
Private fund · Launching October 2026A cash alternative with no duration bias. It starts from T-bills and takes credit, rates and structured risk only when that risk is paid for.
Separately managed accountBuilt to a client’s benchmark, risk budget and guidelines on the same framework, from core sector rotation to long credit total return.
Separately managed accountWhich markets to own, how much and when is the primary source of excess return.
Duration, real rates, the credit cycle and fiscal dominance price every market.
The loss is managed before the return.
Patience is part of the return.
Thresher runs as one research and portfolio management team, fundamental in what we ask, structured in how we implement, across any liquid market.
Founder · Partner · Chief Investment Officer
Twenty-six years at Jennison Associates, the last as Co-CIO, Fixed Income. Founded Thresher in 2022.
BA, Amherst College · CFA charterholderLinkedIn →
Partner · Head of Research
Fourteen years of quantitative research at Barclays, Seix, Loomis Sayles and T. Rowe Price. Joined Thresher in 2023. He also serves as a subadvisor to the firm.
MS, Rensselaer · BS, OsmaniaLinkedIn →
A window into two minds that look at the multi-asset world from different angles.
New pieces on equities, rates, credit, commodities, and FX, delivered as we publish them.
For institutional allocators, family offices, RIAs, and qualified investors who want more information.
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The Website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account the Adviser manages or offers. Such offers will be made only by distribution of a private placement memorandum, subscription agreement, limited partnership agreement, articles of association or other offering documents as applicable (collectively the "Offering Documents"), and only in compliance with applicable law. The Adviser and its respective affiliates, officers, directors, employees, principals or agents, shall not be liable for damages arising out of any errors or omissions in the production or content of the Website nor will they under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, the Website, or any action or decision made by you or any other person in reliance on the Website (which you agree not to take on the basis of any of the information set forth herein), any material misstatements or omissions in the information presented, or any unauthorized use of reproduction of the Website.
The Website and the information contained therein should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Any person subscribing for an investment must be able to bear the risks involved and must meet the particular fund or account's suitability requirements. No assurance can be given that any fund or account will meet its investment objectives or avoid losses. The terms set forth in the Offering Documents are controlling in all respects should they conflict with any other term set forth in this Website or any other marketing materials, and therefore, the Offering Documents must be reviewed carefully before making an investment and periodically while an investment is maintained.
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Thresher Capital LLC
