At Covalent Group, we help you think bigger, build your own business, and move beyond marquee hedge funds.
Investment strategies we support
Commodities
Specialist investment strategies across energy, metals, agricultural and soft commodities markets.
Fundamental Equity
Fundamental research-driven investment strategies.
Quantitative Strategies
Systematic and data-driven models across a variety of asset classes.
Fixed Income
Various strategies such as macro, rates, credit, mortgages, and asset-backed securities
Equity Arbitrage
Systematic and fundamental arbitrage strategies across a company’s capital structure and a variety of derivatives.
Paul Reynolds, Founder
“We partner with investment managers and seed allocators to deliver complete non-investment solutions, combining institutional discipline with entrepreneurial agility. Our expertise lies in launching and operating independent investment managers that pursue diverse strategies across industries, asset classes, and geographies. Partnering with some of the industry’s most reputable seed allocators and money managers, we are proud to be at the forefront of the next generation of world-class, truly independent talent.”
Experts in Institutional Investment Structures
Managed Accounts
We partner with leading allocators and global investment banks to deliver institutional-grade managed accounts. Supported by a network of top-tier service providers, we enable rapid, seamless launches and operational excellence from day one.
Comingled Funds
With experience across more than 100 fund launches in all major jurisdictions, we bring deep expertise and access to trusted, exclusive networks. We support both liquid and illiquid strategies, delivering structures designed for stability, scalability, and investor confidence.
Co-Investment Opportunities
For select professional allocators, we create and operate bespoke co-investment vehicles tailored to distinct themes and market opportunities. Our team has extensive experience executing with speed and precision, providing investors with flexible, efficient access to differentiated exposures.
Roman Rosslenbroich, Strategic Advisor
“Our investment office in Switzerland has partnered with Covalent Capital based on a shared commitment to quality and integrity. Acting both as an allocator and investment manager, we aim to identify and support exceptional independent talent. We have partnered with several outstanding managers alongside Paul and his team and look forward to continuing this collaboration as the next generation of independent investment managers develops.”
FEATURED ARTICLES
As leading CIOs depart marquee hedge funds and managers from the UK and EU move in search of tax-efficient, politically stable havens, allocators are turning their gaze to Switzerland.
In this article, we explore why Switzerland is attracting this influx, and what it means for the hedge fund ecosystem and investors alike.
Allocators follow the flow of talent to Switzerland
Every hedge fund begins with a founder pursuing a vision, while balancing the demands of clients, capital, and markets, a constant test of judgment where time is scarce and every decision shapes the future.
But what truly matters, and what is just noise?
What key themes are influencing hedge fund founders today?
A network of entrepreneurial talent
We enable our portfolio managers and seed allocators to execute their strategy and achieve their missions.
