400 Capital Management LLC
400 Capital Management LLC is an investment management firm headquartered in New York, NY, United States. The firm is focused on credit-driven, opportunistic, and relative value investing strategies across global markets. Founded in 2008, 400 Capital serves institutional investors and manages a range of funds focused primarily on structured credit. The firm employs approximately 69 professionals as of 2025, with a significant portion dedicated to investment roles.
Investment Strategy
400 Capital Management pursues credit-focused and structured credit investment strategies, seeking attractive risk-adjusted returns by investing in a diverse array of credit-related assets. Its approach emphasizes opportunistic and relative value trades across structured products, asset-backed securities, and other fixed income sectors. The firm's investment philosophy involves deep fundamental research and a focus on uncovering value within dislocated or complex segments of the credit markets, primarily to serve institutional clients.
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $1.37B | 20,500 | $666.18 | $618.14 | +4,750 | +$392.6M |
H HYG | ISHARES TR | Sold | Put | $20.3M | 2,500 | $81.19 | $78.82 | -2,500 | -$20.0M |
I IWM | ISHARES TR | Sold | Put | $9.7M | 400 | $241.96 | $220.22 | -300 | -$5.4M |