Satori Capital has made an investment in San Rafael, California-based Faraday Capital LP, an investment advisor focused on municipal bond trading strategies. No financial terms were disclosed.
DALLAS & FORT WORTH, Texas–(BUSINESS WIRE)–Satori Capital, a Texas-based investment firm founded on the principles of conscious capitalism, announced today an investment and acceleration partnership with Faraday Capital, L.P. Satori, a multi-strategy firm with more than $1 billion in assets under management (“AUM”), completed the $10 million investment as part of its Satori XL Partnership Program, which forms strategic acceleration partnerships with talented emerging investment managers that typically have less than $100 million of AUM.
“We believe their expertise and insight allow them to spot inefficiencies in the market that can be very profitable, and their strategy includes effective hedges that can protect downside in volatile markets, as well.”
Based in San Rafael, California and founded in 2018, Faraday actively trades high-quality municipal bonds expected to appreciate over short-term investment horizons. Its portfolio managers have a demonstrated ability to identify investment opportunities in the municipal bond market.
“We appreciate the Faraday team’s granular understanding of the unique dynamics and intricacies found in the municipal marketplace,” said James Haddaway, chief investment officer for Satori’s alternative investments platform and the Satori XL Program. “We believe their expertise and insight allow them to spot inefficiencies in the market that can be very profitable, and their strategy includes effective hedges that can protect downside in volatile markets, as well.”
Faraday is led by co-managers Henry Brinck and Bijan Pajoohi. Mr. Brinck has more than 25 years of experience on the sales and trading side of credit markets at firms including Montgomery Securities, Thomas Weisel Partners, and First Republic Bank. Mr. Pajoohi has more than 15 years of experience specializing in fixed-income portfolios focused on absolute return, low volatility, and low beta investments at BlackRock, Convergent Wealth Advisors, CM Capital Advisors, and Fintan Partners. The firm recently appointed a chief operating officer, Roy Corr, who has held positions at Montgomery Securities, Guggenheim Partners, Citibank London, and First Republic Bank and was a founding partner at Thomas Weisel Partners.
“We’re so pleased to be partnering with an experienced firm like Satori,” said Mr. Brinck. “We know the resources and strategic insights Satori can share with us will help us continue to grow, and we look forward to many years of successful partnership.”
Based in San Rafael, California, Faraday is an investment advisor focused on municipal bond trading strategies primarily composed of investment-grade municipal bonds. Faraday actively trades high-quality municipal credits expected to provide positive risk-adjusted returns over short investment horizons. Faraday seeks to capitalize on structural inefficiencies within the municipal bond market while carefully hedging interest rate risk to preserve capital and profit during periods of market dislocation or volatility. Visit www.faradaycap.com for more information.
About Satori Capital
Satori Capital is a Texas-based multi-strategy investment firm founded upon the principles of conscious capitalism. Satori’s private equity business partners with leadership teams of companies with $5 million to $25 million of EBITDA that operate with a long-term perspective, commit to their mission or purpose, and create value for all stakeholders. Satori’s alternatives investment platform, Satori Alpha, creates and manages customized portfolios designed to meet the unique objectives of sophisticated private investors, family offices, and institutions. Through its Satori XL Partnership Program, Satori partners with managers that it believes are highly skilled at generating sustainable alpha and would benefit from Satori’s experience, relationships, and resources, all in support of building thriving and enduring businesses. For additional information, please visit www.satoricapital.com.