cipher stone capital

CULTURE
OF INTEGRITY

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ROBUST
RISK MANAGEMENT

Investment Alpha

Seek highly diversified allocations to both fixed income and equity strategies. Focus on liquid instruments designed to allow active risk management.

Senior Leadership

Highly experienced team with extensive hands-on knowledge of running a multi-manager business. Decades of experience identifying, recruiting, and managing talented investment professionals.

Cost pass through structure designed to align interests between management and investors. Enhanced transparency across aspects of the business including performance analytics, risk reporting, and expenses. Significant investment into the fund by founding principals.

Flexible Multi-Strategy Platform

Our platform is designed to provide the resources, infrastructure, and support necessary to create an environment that enables our investment professionals to be most productive.

About Us

Welcome to Cipher Stone Capital Management

Cipherstone, founded in 2017 by Michael Gelband and Hyung Lee, began managing investor capital in 2018. The firm employs a global multi-strategy investment approach, seeking to deliver compelling asymmetric returns by combining complementary liquid strategies managed by experienced investment professionals within a robust risk framework. Cipherstone brings together an accomplished team with hands-on experience running multi-manager businesses to create an institutional investment management firm.

Fixed Income & Equities

Investment Strategies

Rates

Cipherstone’s Rates strategies largely operate in G7 rates, across major bond, swap, and futures markets, and include yield curve and relative value strategies, as well as short-end rates and inflation strategies.

Reports Analysis

Cipherstone’s Credit strategies are focused on liquid markets, and include fundamental long/short, credit index and options, macro credit, new issuance, and systematic credit trading.

Em & Marco

Cipherstone’s Macro strategies include fixed income across developed markets including rates, inflation, and commodities, as well as emerging market trading in rates, FX, and equities.

Statistical Arbitrage & Systematic

Cipherstone’s Statistical Arbitrage & Systematic Strategies include diversified systematic strategies that operate across asset classes, as well as mid-frequency statistical arbitrage strategies.

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Investment Process

INVESTMENT TALENT

CAPITAL ALLOCATION

RISK MANAGEMENT

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Testimonials

Reviews

As a busy professional, I don’t have a lot of time to manage my investments. That’s why I appreciate CipherStone Capital’s hands-on approach and regular portfolio rebalancing. Their team is always looking for ways to optimize my investments and minimize risk, which gives me peace of mind. I’ve already recommended CipherStone Capital to several friends and colleagues!

Racheal T.

Canada

I was a bit skeptical about investing with CipherStone Capital at first, but their transparent and straightforward approach put my mind at ease. Their online platform is user-friendly and easy to navigate, and their customer support team is always responsive and helpful. While I haven’t seen astronomical returns yet, I’m confident that my investments are in good hands with CipherStone Capital.

David K.

I’ve been investing with CipherStone Capital for over a year now, and I’m blown away by their expertise and customer service. Their team took the time to understand my financial goals and risk tolerance, and developed a customized investment strategy that’s helped me achieve impressive returns. I highly recommend CipherStone Capital to anyone looking for a reliable and trustworthy investment partner.

Emily R.

Australia

I’ve been investing with CipherStone Capital for a few months now, and while I’m generally satisfied with their services, I do wish they offered more investment options and flexibility. Their fees are also a bit higher than I’d like, but I understand that’s the trade-off for their expertise and personalized service. Overall, I’d recommend CipherStone Capital to investors who value a hands-on approach and are willing to pay a premium for it.

James D.