Founded in the third quarter of 2020 by Aaron Weitman, CastleKnight Management operates as a hedge fund manager based in New York. The firm specializes in event-driven and special situations investment strategies, utilizing fundamental analysis to navigate across the debt and equity of diverse companies. CastleKnight Management prioritizes flexibility, investing across different capital structures and deploying various strategies such as value investing, stressed/distressed credit investing, passive activism, and merger arbitrage to optimize returns.
CastleKnight Management LP was established in 2020 by Aaron Weitman, who brings over 15 years of experience from his tenure at Appaloosa Management, where he held the position of Senior Partner. Aaron Weitman holds the dual roles of Chief Investment Officer and Managing Partner at CastleKnight Management. Aaron Weitman leverages his extensive experience from his prior roles at Appaloosa Management LP. He earned a Bachelor of Science (BS) in Business Administration (Finance), with University Honors, and a minor in Computational Finance from Carnegie Mellon University between 2000 and 2004.
CastleKnight Management manages assets for 4 clients, with discretionary assets totaling $1,565,051,597 as of their Form ADV filed on March 28, 2024. Their most recent 13F filing for Q4 2023 reported $1,895,512,077 in managed 13F securities, with a top 10 holdings concentration of 67.12%. CastleKnight Management's largest holding is Invesco QQQ Trust, Series 1, with 1,030,000 shares held.
