Garda
Institutional investorWayzata · 8 people tracked
Also known as GARDA CAPITAL PARTNERS LP
Investment thesis
Garda pursues a single investment strategy focused on fixed income relative value, capturing opportunities in global interest rate disparities and sovereign debt instruments across developed markets. Its approach seeks consistent, positive returns uncorrelated to broader market movements through varying cycles. The firm identifies opportunities arising from supply and demand imbalances in sovereign bonds, segmentation among interest rate futures, cash bonds and swaps, and divergent monetary policies. Portfolio construction relies on long/short relative value themes, supported by proprietary analysis and disciplined risk management. Garda emphasizes protecting and growing capital for institutional investors, backed by a track record spanning multiple market cycles including financial crises and rate regime shifts.
Source: firm website, verified Aug 25, 2026.
Team · 8 people
from the firm's websiteFund performance · per public LP disclosures · 2
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Garda Fixed Income Relative Value Opportunity Fund (Onshore) LtdLPs: Florida State Board of Administration | 2019 | — | 10.8% | 1.69x | — |
| Garda FIRV Opportunity FundLPs: Florida State Board of Administration | 2001 | — | 11.8% | — | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Garda located?
- Garda is headquartered in Wayzata, US.
