PureRelative Value

Relative value is our business


DLD Asset Management is a multi-PM relative value investment platform. The firm was founded by Mark Friedman who has dedicated more than 30 years to understanding the dislocation between related securities across equity, credit and derivative markets. From our people, philosophy and culture to our processes, technology and infrastructure, we are built for relative value investing.


We allocate capital to liquid relative value strategies managed by investment teams with niche bottom-up expertise. Our platform’s responsive risk and operational frameworks allow us to combine strategies dynamically to deliver asymmetric return streams driven by alpha.

Coordinated investment expertise

Core Strategies

Event-driven | Equity-trading | Volatility | CONVERTS

Culture Office

Investing in each other


We believe a culture of collaboration enhances investment outcomes.
It fosters the lateral thinking our talent needs to thrive in the complexity of relative value investing, and works to accelerate their personal and professional growth.