JULY 16, 2014 *THE PIERRE HOTEL* NEW YORK CITY
Asset Manager
Profiles
Disclaimer
This guide is for informational purposes only and is not and should not be construed as an offer to sell or a solicitation to
buy securities. There can be no assurance that any of the funds enclosed objectives can be achieved or that they will not
incur losses. Past performance is not indicative of future results, including future volatility and correlation to other types
of investments. The returns of individual investors may vary because of timing of the investment and differences in
management and incentive fees, if applicable. The information contained herein is intended solely for use by the recipient
hereof and is not to be reproduced or distributed to other parties.
II and CNBC are not making any recommendation, express or implied, as to an investment with, and are not acting as
agent, promoter, underwriter, or placement agent for, any manager.
Any information contained in these materials regarding a manager has been prepared by the manager, and the manager
is solely responsible for the completeness and accuracy of that information. II has not verified and is not liable for the
completeness or accuracy of information contained in these materials.
Assets Under Management (“AUM”) are unaudited and may be estimated. This presentation is confidential and may not
be reproduced, distributed or used by any person without expressed written consent
Alcentra
AUM: $24.2 billion
FIRM OVERVIEW: Alcentra is a global asset management firm specializing in sub-investment grade debt
markets. With assets under management of approximately $24.2 billion, Alcentra employs 90 people, including 48
investment professionals. Alcentra has an investment track record that dates back to 1998 and strategies include
senior loans, high yield bonds, stressed/distressed debt, mezzanine capital and structured credit. Our investors
include pension funds, insurance companies, banks, and high net worth individuals. Alcentra is owned by BNY
Mellon Asset Management and is headquartered in London, with offices in New York, Boston and a local presence
in Singapore. Please visit our website at www.alcentra.com for more information.
CONTACT:
Jack Yang
[email protected]
(212) 922-7388
Anchorage Capital Group, LLC
FUND NAME: Anchorage Capital Partners Funds
AUM: $14.0 billion as of March 31, 2014
INCEPTION DATE: June 11, 2003
STRATEGY: Credit
FIRM OVERVIEW: Anchorage Capital Group, L.L.C. (“Anchorage” or the “Firm”) is a registered investment
adviser founded in 2003 by Kevin Ulrich and Anthony Davis. As of March 31, 2014, Anchorage manages
approximately $14.0 billion across a credit-oriented product platform. The Firm currently has 146 employees, 58 of
whom are dedicated investment professionals, 67 of whom are infrastructure professionals, and 21 of whom are
human resources and administrative professionals. Anchorage focuses on a wide range of assets across the credit
spectrum and throughout a company’s capital structure, including performing bank loans and bonds, credit
derivatives, and defaulted debt and restructured equity. Anchorage is headquartered in New York with additional
offices in London, Sydney, and Luxembourg. The flagship fund, Anchorage Capital Partners (“ACP Funds” or the
“Fund”), has approximately $11.4 billion in assets under management and invests on a long and short basis
primarily in the credit markets of North America and Europe.
INVESTMENT STRATEGY: Anchorage is a fundamental long/short credit firm which combines technical and
trading expertise with fundamental credit analysis. Anchorage believes that the price of risk changes over the market
cycle and is often most attractively priced during periods of industry or market dislocation. During these periods, we
will generally increase the targeted return for investments and weigh the ACP funds towards investments that are
hedged and directional. We generally weigh the ACP funds towards investments that are hedged and offer attractive
risk reward dynamics as well as promote capital preservation.
The ACP Funds invest across the credit spectrum and throughout a company’s capital structure on a long and short
basis primarily in North America and Europe. On the short side, the Fund seeks to identify issuers where we believe
the spread levels are not supported by the underlying credit fundamentals. Over the course of an economic and
credit cycle, the ACP Funds’ net exposure will be actively managed to reflect and take advantage of attractive
opportunities.
The portfolio is comprised of a wide range of assets including: performing corporate bank loans and bonds, credit
derivatives (i.e. CDS, CDOs, CLOs, etc.) and defaulted debt and restructured equity.
CONTACT:
Michael Charlton
[email protected]
(212) 358-4841
Argentiere Capital
AUM: $500 million
INCEPTION DATE: June 2013
STRATEGY: Equities Relative Value
FIRM OVERVIEW: Argentiere Capital is a Zug, Switzerland based investment manager formed in early 2013.
The team is comprised of former members of JPMorgan’s Global Equities Proprietary Trading Group led by
Deepak Gulati.
INVESTMENT STRATEGY: Argentière Capital’s flagship fund employs an equities-based, relative value
strategy focusing primarily on volatility. The Fund targets superior risk-adjusted returns through diversified
strategies that seek opportunities exhibiting asymmetric risk/reward characteristics, capitalizing on structural
inefficiencies, distortions, dislocations and imbalances brought about by macro-economic, political, underlying
market and/or technical conditions.
CONTACT:
Barry Thomas
[email protected]
+ (41) 41 560 2362
Arrowgrass Capital Partners, LLP
FUND NAME: Arrowgrass Master Fund Ltd
AUM: $4.93 billion
INCEPTION DATE: February 2008
STRATEGY: Multi-strategy
FIRM OVERVIEW: Founded in February 2008, Arrowgrass is a London headquartered alternative investment
manager that employs a non-siloed, multi-strategy investment process across the corporate capital structure.
Arrowgrass Capital Partners LLP is FCA regulated, and both Arrowgrass Capital Partners LLP and Arrowgrass
Capital Partners (US) LP (“Arrowgrass”) are registered with the SEC and CFTC.
Arrowgrass aims to deliver consistent risk-adjusted returns throughout the economic cycle whilst focusing on
capital preservation. Our investment process seeks to combine top-down and bottom-up analysis to identify liquid,
catalyst-driven opportunities, and we believe it is supported by comprehensive risk management and an
institutional-quality infrastructure.
As of May 1, 2014, Arrowgrass had 122 employees located across its London (88) and New York (34) offices and is
the investment manager to three European-focused funds.
INVESTMENT STRATEGY: The Arrowgrass Master Fund employs a catalyst-driven, multi-strategy investment
process that aims to deliver consistent risk-adjusted returns throughout the economic cycle whilst focusing on
capital preservation. This process is driven by fundamental and technical research which identifies catalysts which
may unlock value and is comprised of six core investment strategies: Convertible Bond Arbitrage, Volatility
Arbitrage, Capital Structure Arbitrage, Distressed, Merger Arbitrage, and Special Situations (Equity and Credit).
Additionally, the Fund employs a top-down macro overlay that serves as an input to the Fund’s asset allocation and
hedging activities.
Portfolio construction is comprised of a combination of top-down and bottom-up inputs. The top-down inputs
combine quantitative and qualitative analysis conducted by Arrowgrass’ Macro Team, in conjunction with the firm’s
CIO, Nick Niell. This provides visibility for portfolio managers through an estimation of the investable time
horizon, market liquidity and geographical preferences. The bottom-up component is provided by individual
portfolio managers who are seeking catalyst-driven investment ideas that fall within the guidance provided by the
firm’s macro outlook. The result is a dynamic approach that aims to have an asset allocation and a portfolio that
has a collection of idiosyncratic positions with a low correlation to most markets.
CONTACT:
Matt Bassista
[email protected]
(212) 584-1162
Bakken Energy Development & Royalties, L.P.
AUM: $10 million
INCEPTION DATE: 2012
STRATEGY: Oil & Gas Development & Royalties Income
FIRM OVERVIEW: Bakken Energy Development & Royalties LP is pleased to provide investors with the
opportunity to invest in assets that earn revenue generated by a diverse pool of professionally selected, direct royalty
interests (“Royalty Interests”).
Instead of taking on the risk of owning stocks or bonds whose values fluctuate in volatile stock markets, Bakken
Energy Development & Royalties LP. focuses on owning O&G Royalties to provide investors with regular cash
flow from oil and gas production.
INVESTMENT STRATEGY: Bakken Energy Management Inc. has over 50 years of experience researching,
analyzing and investing in oil and gas companies across Canada. Through its limited partnerships, Bakken Energy
Management Inc. funds the drilling of development wells to earn overriding royalties on those wells and associated
lands. We select only quality oil and gas operators with a strong track record of oil and gas production to provide
investors with opportunities for regular monthly income.
To achieve its investment objectives, Bakken Energy Management Inc. enters into agreements with select oil and
gas companies which entitle the investors to Gross Overriding Royalties from the development of oil and gas
properties.
CONTACT:
Michael Enge
[email protected]
(306) 230-5352
Black River Asset Management
INCEPTION DATE: 2003
FIRM OVERVIEW: Black River, an independent managed subsidiary of Cargill, was formed in 2003 from the
team that managed Cargill’s proprietary capital since 1984. The Principals of the firm have been working together
for 19 years. Cargill is one of the largest privately held corporations with a global footprint across 67 countries and
is one of the world’s leading suppliers of food, agricultural and industrial products and services. Black River’s
investment professionals are located in 12 countries spanning five continents. The firm employs 185 people with 95
investment professionals across 14 affiliated offices. Our global presence and worldwide connectivity with Cargill
provide us with broad perspectives that help us identify opportunities and manage risk.
Black River currently manages over $7.5b across hedge funds and private equity strategies. Our strategies focus on
Emerging Markets (Macro, EM Special Situations, EMEA), Natural Resources (Commodities Trading, Agriculture
Fund PE, Metals & Mining Fund PE, and Food Fund PE), and RV Trading (G7 Fixed Income RV and Equities RV
with bias towards Europe).
Black River currently manages over $7.5b across hedge funds and private equity strategies. Our strategies focus on
Emerging Markets (Macro, EM Special Situations, EMEA), Natural Resources (Commodities Trading, Agriculture
Fund PE, Metals & Mining Fund PE, and Food Fund PE), and Developed Market Trading (G7 Fixed Income RV
and European Equities).
CONTACT:
Clara Kim
[email protected]
(212) 588-7227
BlackRock
FIRM OVERVIEW: BlackRock is a leader in investment management, risk management and advisory services for
institutional and retail clients worldwide. At March 31, 2013, BlackRock’s AUM was $3.936 trillion. BlackRock helps clients
meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and
enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of March 31, 2013, the firm has approximately 10,600 employees in 30 countries and a
major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit the Company's website at www.blackrock.com.
CONTACT:
Ryan Clark
[email protected]
(212) 810-5451
BlueMountain Capital Management
FUND NAME: BlueMountain Credit Alternatives Fund
AUM: $8 billion
INCEPTION DATE: 2003
STRATEGY: Multi-Strategy Credit
FIRM OVERVIEW: BlueMountain Capital Management is a leading absolute return manager managing $20bn of
assets, with $16bn in absolute return assets and $4bn in CLO assets. Our large and diverse team of professionals in
New York, London and Tokyo are supported by our institutionalized and proprietary infrastructure, including
specialized operations and risk management technology.
INVESTMENT STRATEGY: Blue Mountain Credit Alternatives Fund is a relative value credit fund that pursues
three primary strategies in the U.S. and Europe: fundamental, structured credit, and arbitrage & technical. We
employ an alpha-centric investment philosophy that seeks to construct a portfolio with relatively low net market
exposure and leverage. We also follow a comprehensive, multi-strategy approach to investing – seeking to allocate
capital dynamically to what we believe are the most compelling opportunities and harvest multiple potential sources
of alpha. The Fund invests across asset classes, including bonds, loans, CDS, CLOs, structured credit tranches, ABS
(consumer and mortgage), equities and equity derivatives
CONTACT:
Susan Mason
[email protected]
(212) 905-2129
BNY Mellon
FIRM OVERVIEW: BNY Mellon Alternative Investment Services is a leading service provider for alternative
assets including single manager hedge funds, funds of hedge funds, private equity and real estate funds. With over
$669 billion in assets under custody and/or administration, we understand the challenges of managing alternative
assets. Our client support and innovative technology allow for more efficient fund accounting and administration,
as well as greater transparency. We also offer an array of custody, cash management, foreign exchange, collateral
management, trust, and middle office services that provides meaningful support to allow our clients to focus on
advanced investment strategies designed to maximize client returns.
CONTACT:
Dan Amir
[email protected]
(212) 815-4388
Thomas Levings
[email protected]
(212) 815-2620
BNY Mellon Asset Management
FUND NAME: 484 Wall Capital Global Liquid Rates Fund
AUM: $57 million USD
INCEPTION DATE: 1/2/14
STRATEGY: Interest Rate Arb Focused on G7 Rates
FIRM OVERVIEW: BNY Mellon's multi-boutique model encompasses the skills of world-class, specialized
investment managers who are all leaders in their respective fields. Each is solely focused on investment
management, and each has its own unique investment philosophy and process.
We are an investment manager of choice for the world's governments, corporations, foundations, endowments,
pension plan sponsors, advisors and intermediaries.
484Wall Capital is the newest boutique at BNYMellon
INVESTMENT STRATEGY: 484WALL Capital employs a fixed income arbitrage strategy focused on interest
rate markets in G7 countries in pursuit of absolute returns with low volatility. Additionally, the Manager employs a
global macro overlay and separate tail risk strategies. The Manager is intent on preserving capital, particularly in
volatile times, while generating consistent uncorrelated alpha. Primarily, the Manager looks to exploit mis-pricings
between a variety of interest rate products. The majority of the risk budget is allocated to the arbitrage book where
the Manager strives to create a portfolio of meticulously hedged trades in highly liquid and transparently priced
securities while continually owning some form of volatility. The balance of the risk is concentrated in the global
macro book and tail risk trades. The global macro book enables the Manager to express global view, while the tail
risk trades serve to hedge the broader portfolio against exogenous shocks. While the arbitrage portfolio is
constructed to be market neutral, the macro trades and hedges are structured with the intent of limiting downside
risk.
CONTACT:
Christopher Mullahy
[email protected]
(617) 722-3944
BNR Partners, LLC
FIRM OVERVIEW: BNR is a family office for less than 10 families, providing all services including investment
advisory, income and estate planning, and all tax preparation.
CONTACT:
Allen C. Berg, Managing Director
20 N. Wacker Dr. Suite 2110
Chicago, Illinois 60606
[email protected]
Brookfield Investment Management, Inc.
FUND NAME: Wells Street (Offshore/Onshore) Funds
AUM: $825.1 million as of 03/31/14
INCEPTION DATE: 07/31/2002
STRATEGY: Global Real Estate Securities Long-Short
FIRM OVERVIEW: Brookfield Asset Management Inc. (“Brookfield”) is a global alternative asset manager with
approximately $190 billion in assets under management as of March 31, 2014. Brookfield has over a 100-year
history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity.
Brookfield’s public market activities are conducted by Brookfield Investment Management Inc. ("Brookfield
Investment Management"), a registered investment advisor. These activities complement Brookfield’s core
competencies and include global listed real estate and infrastructure equities, corporate credit and securitized credit
strategies. Headquartered in New York, NY, Brookfield Investment Management maintains offices and investment
teams in Toronto, Chicago, Boston and London and has over $14 billion of assets under management as of March
31, 2014.
INVESTMENT STRATEGY: The Global Real Estate Securities Long-Short Strategy is an opportunistic strategy
which seeks to earn net returns of 15% per annum with low correlations to equity and bond markets. The Strategy
seeks to invest in a concentration of core real estate companies as well as non-traditional property and asset-rich
operating companies with the potential to deliver high absolute returns. The Strategy is offered in onshore and
offshore commingled vehicles and has over a ten year track record of generating excess returns for clients; the
Strategy has generated a net annualized return of 21.7%* since inception in July 2002.
*As of March 31, 2014
CONTACT:
Wendy Rockman
[email protected]
(212) 549-8489
CarVal Investors
FIRM OVERVIEW: CarVal Investors is a leading global alternative investment fund manager focused on
distressed and credit-intensive assets and market inefficiencies. Since 1987, our experienced team has navigated
through ever-changing credit market cycles, opportunistically investing $73 billion in 4,840 transactions across 70
countries. Today, CarVal Investors has approximately $10 billion in assets under management in both credit and
real estate strategies.
Citadel, LLC
FIRM OVERVIEW: Established in 1990, Citadel is a leading global financial institution with a diverse business
platform built on a foundation of world-class talent, technology and infrastructure. For over two decades, Citadel
has deployed capital on behalf of its investors across multiple alternative investment strategies, including Equities,
Fixed Income & Macro, Commodities, Convertibles & Quantitative Credit, and Quantitative Strategies. We develop
our insights based on detailed fundamental analysis and quantitative rigor. The firm employs an 850-person team, of
which approximately 425 are investment and front office professionals1. Citadel operates in the world’s major
financial centers including Chicago, New York, London, Hong Kong, San Francisco, Boston, Dallas, Houston and
Greenwich. The firm currently has approximately $20.4 billion in investment capital2.
1) Headcount reflected is an estimate for Citadel and excludes Citadel Securities and Citadel Technology.
Information is as of March 31, 2014.
2) Investment capital is as of June 1, 2014 and includes equity (or members’ capital), plus any accrued performance
allocation (or manager allocation).
CONTACT:
Sally Mellon
[email protected]
(312) 395-3213
Conatus Capital Management
FUND NAME: Conatus Capital Management LP
AUM: $ 2.9 billion
INCEPTION DATE: 2007
STRATEGY: Long/short equity
FIRM OVERVIEW: Founded by former Lone Pine PM David Stemerman, Conatus Capital invests long and
short in publicly traded global equities across all sectors. Stock selection is based on bottom-up, in-depth
fundamental analysis, combined with our understanding of the top-down macroeconomic environment. Conatus
Capital's investment objective is to generate superior risk-adjusted returns on its clients' assets on a sustainable basis
while preserving capital.
INVESTMENT STRATEGY: Conatus Capital employs a global long/short equity strategy seeking to generate
alpha on both sides of the balance sheet. We perform intensive bottom-up analysis as the basis of our investment
strategy. Conatus invests long and short in businesses for which our understanding of the central drivers is at
variance with market expectations and valuation. Consideration of the following five areas will drive the generation
of investment ideas:
1. Business - returns on invested capital, competitive position and cash generation.
2. Management team - leadership, intelligence, skills, competence, creativity, ownership of the company and ethical
standards.
3. Key business drivers - sustainable competitive advantage, discontinuous change (e.g., new management,
technology or business model) or onset of a new industry cycle.
4. Variant perception - critical insight into factors (e.g., direction, duration or degree) that will cause a business to
perform at variance with consensus.
5. Valuation - earnings and cash flow 18-24 months in the future.
When investing either long or short Conatus pays strict attention to risk and reward. This is particularly important
when short selling.
CONTACT:
Kevin Burke
[email protected]
(203) 485-5240
CQS
FUND NAME: CQS
AUM: $13 billion
INCEPTION DATE: 1999
STRATEGY: Multi-Strategy
FIRM OVERVIEW: Founded in 1999, CQS is a $13.3bn1 global multi strategy asset management firm with over
250 staff located globally, 84 of whom are specialist investment professionals. Since launching its first strategy in
March 2000, CQS has since expanded to manage absolute return, long only and bespoke mandates for institutional
investors in the areas of multi strategy, convertibles, asset backed securities, credit, loans and equities.
The firm’s track record is underpinned by fundamental research and quantitative analysis, with robust institutional
operational and risk management platforms.
CQS is a founding member of the Hedge Fund Standards Board and is regulated by the FCA in the UK, the SFC in
Hong Kong, ASIC in Australia and registered with the SEC in the US.
CONTACT:
Andrew Hahn
[email protected]
(212) 259-2626
Cypress Wealth Advisors
FIRM OVERVIEW: Cypress Wealth Advisors is a wealth management firm for individuals and families who
never want money to stand in the way. Cypress creates investment management, tax, and estate planning strategies
to preserve, maximize and transfer wealth. Cypress delivers superior investment solutions, unconflicted advice,
financial education and outstanding service to ensure the legacy of a client’s wealth. The principals of Cypress
believe strongly in aligning the firm's economic interests with clients' and personally invest in the recommendations
they make on behalf of those they serve. Cypress identifies investment opportunities across all asset classes through
a proven disciplined process. Founded in 2004, Cypress Wealth Advisors is headquartered in San Francisco with
offices in New York.
CONTACT:
Barbara Young
[email protected]
(414) 489-2100
Forward
FUND NAME: Forward Select EM Dividend Fund
AUM: $141.88 million as of 6/18/2014
INCEPTION DATE: 5/02/2011
STRATEGY: Emerging Markets Equity
FIRM OVERVIEW: The world has changed, leading investors to seek new strategies that better fit an evolving
global climate. Forward's investment solutions are built around the outcomes we believe investors need to be
pursuing – non-correlated return, investment income, global exposure and diversification. With a propensity for
unbounded thinking, we focus especially on developing innovative alternative strategies that may help investors
build all-weather portfolios. An independent, privately held firm founded in 1998, Forward (Forward Management,
LLC) is the advisor to the Forward Funds. We manage over $5 billion in a diverse product set offered to individual
investors, financial advisors and institutions.
INVESTMENT STRATEGY: The Fund seeks to achieve high total return through capital appreciation and
current income. The investment team uses a blend of proprietary, quantitative screens and intensive fundamental
analysis to identify companies offering the “triple play”: an attractive dividend, strong prospects of sustaining and
growing their dividends over time and capital appreciation potential.
Forward’s Dividend Signal Strategy approach is based on research showing that dividends may be a reliable signal of
company growth, especially in less efficient overseas markets; statistical analysis of dividend data often signals future
stock performance.
The strategy is unique in seeking companies that combine relatively-high dividend yields and lower payout ratios,
which have historically delivered the best long-term returns.
CONTACT:
Alan Reid
[email protected]
(415) 869-6310
GoldenTree Asset Management
FUND NAME: Master Fund
AUM: $4.0 billion
INCEPTION DATE: July 2000
STRATEGY: Credit
FIRM OVERVIEW: Founded in 2000, GoldenTree is a fundamental value investor specializing in corporate
credit markets. GoldenTree is one of the largest independent credit managers and has been 100% employee owned
since inception, ensuring an alignment of interest with investors. GoldenTree has $20.4 billion in assets under
management, investment offices in New York and London, with over 190 employees and over 40 investment
professionals.
GoldenTree’s investment philosophy focuses on the belief that competitive risk-adjusted returns are achieved by
actively managing portfolios on a total return basis. GoldenTree’s investment process is designed to allow the firm
to capture attractive total returns while maintaining a high margin of safety, thus minimizing the incidence and
severity of loss. GoldenTree’s rigorous fundamental credit and relative value analysis allows the firm to identify
compelling investment opportunities across asset classes and through credit cycles.
INVESTMENT STRATEGY: GoldenTree’s flagship offering is the Master Fund. The Fund is an opportunistic,
actively managed portfolio that seeks to generate alpha by investing in a range of credit products such as leveraged
loans, high yield bonds, structured products, distressed investments and credit themed equities. Investment
strategies include undervalued longs, overvalued shorts, distressed situations, and structured credit. In addition, a
diversified basket of hedges are used to manage downside volatility and protect capital.
In depth, fundamental research executed by our experienced investment team is paramount to identifying
investments that fit GoldenTree’s process. For each potential investment, GoldenTree’s process focuses on margin
of safety, target return, and catalyst for capital appreciation. Portfolio risk management seeks to complement
bottom-up fundamental and relative value analysis with top-down macroeconomic analysis in order to address
various risks to the portfolios. Our approach to Risk Management allows us to use a broad range of market
instruments to manage downside volatility in our portfolios.
CONTACT:
Jenna Boyle
[email protected]
(212) 847-3604
Golub Capital
FUND NAME: GCP9 and Synexus
AUM: Over $10 billion as of 4/1/14
INCEPTION DATE: GCP9: 1/1/14; Synexus: 4/1/11
STRATEGY: GCP9: Middle Market Direct Lending
Synexus: Long/Short Credit Hedge Fund
FIRM OVERVIEW: Golub Capital is a nationally recognized credit asset manager with an award-winning middle
market lending business. Golub Capital manages over $10 billion in capital for institutional investors and family
offices, offering tailored solutions for investors’ credit asset strategies. Today, the firm has over 175 employees with
principal offices in Chicago and New York. Golub Capital has three business lines that are highly complementary to
one another: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit.
INVESTMENT STRATEGY: Golub Capital Partners 9, LP is part of Golub Capital’s core product, Golub
Capital Partners Ltd. (“GCP”). The objective of GCP is to achieve a high level of current income with an emphasis
on preservation of capital and diversification. GCP seeks to achieve its objective primarily by investing in middle
market loans. A majority of the investments in the GCP portfolio are expected to consist of first lien senior secured
and one-stop loans to private equity sponsor-controlled middle market companies that require capital for growth,
recapitalizations, refinancings and leveraged buyouts.
Synexus:
GC Synexus is a hedge fund focusing on a long/short opportunistic credit strategy. GC Synexus is designed to
capture today’s opportunities and to take advantage of market dislocations in a wide variety of environments. The
Fund’s investments reflect a granular, bottom-up research process that employs unique analytical capabilities.
CONTACT:
Alissa Grad
[email protected]
(212) 750-4073
Guggenheim Global Trading
FUND NAME: GGT Multi-Strategy Fund LLC
AUM: $601 million
INCEPTION DATE: 2012
STRATEGY: Low net, equity focused strategy
FIRM OVERVIEW: Guggenheim Global Trading (“”GGT”) manages a relative value equity-focused hedge fund.
GGT seeks to generate alpha-based returns uncorrelated to the major markets, with low net exposure and low
volatility. Since inception in 2012, over 80% of returns have been generated from alpha.
GGT’s staff includes 20 portfolio managers and experienced risk management, operations and compliance teams.
Transparency, comprehensive risk analysis and alignment of interests between our professionals and our clients are
core values of GGT. Our focus on transparency extends to our clients. We offer clients the tools to monitor the
portfolio’s progress - including performance and exposures by strategy - through a proprietary iPad app.
Guggenheim Global Trading is a subsidiary of Guggenheim Partners, a privately held global financial services firm
with more than $200 billion in AUM. Substantial capital has been invested to design and build-out our sophisticated
operations, compliance and trading systems.
INVESTMENT STRATEGY: Guggenheim Global Trading’s objective is to generate uncorrelated alpha via
security selection, minimal net market exposure and risk-based capital allocation across primarily equity securities.
Our investment teams employ relative value strategies including fundamental equity, event driven/merger arbitrage,
quantitative equity and convertibles/capital structure. Within fundamental equity, our teams are organized broadly
by sector and region and include: financials, industrials, basic materials, utilities, consumer, technology, business
services, emerging markets and Europe.
Long and short investment portfolios within each strategy are constructed with relatively limited net exposures in
accordance with guidelines and limits developed and monitored for each strategy. The total portfolio is
characterized by beta-adjusted net exposure that is typically -10% to +10%, and by high liquidity and diversification
across individual names, industries and sectors.
The investment team at Guggenheim Global Trading is distinguished by their long tenures within the hedge fund
industry. Managing Partners Loren Katzovitz and Patrick Hughes are experienced alternative investment
professionals who have worked together for over 20 years as partners of Guggenheim and as senior executives at
RBC.
CONTACT:
Marjorie Kaufman and Nathan Muller
[email protected]
(914) 251-2214
Guggenheim Investments
AUM: $180 billion
FIRM OVERVIEW: Guggenheim Investments (“GI”) is the investment management business of Guggenheim
Partners. GI manages approximately $180 billion across asset classes with a singular mission – to serve as superior
stewards of capital and trusted advisors to our partners and clients. We serve a broad range of institutional clients,
including pensions, endowments, family offices and insurance companies, and seek to build lasting partnerships
through a deep understanding of their needs, a proactive approach to client service and a commitment to generating
strong investment results. GI’s experienced investment professionals utilize a repeatable and scalable investment
process focused on bottom-up, fundamental research with a top-down macro overlay from our Global Chief
Investment Officer, Scott Minerd. Guggenheim Partners is a privately-held global financial services firm providing
asset management, investment banking and capital markets services, insurance, institutional finance and investment
advisory solutions. *AUM as of 3/31/2014 includes $12.87B of leverage. Some values may be based upon prior
periods.
CONTACT:
Derek Zoch
[email protected]
(212) 901-9417
Henderson Alternative Investment Advisor, Ltd.
FIRM OVERVIEW: Henderson Alternative Investment Advisor Limited (HAIAL) is a dedicated alternative
manager. The firm manages approximately $13.8 billion in alternatives (as of 31/03/14). Regulated in the UK by
the FCA and SEC in the US. Structured as an independent hedge fund business (part of the Henderson group
$132 billion).
Today we continue to pursue strong risk adjusted returns for our clients through fundamental research and
disciplined risk management.
AlphaGen is organized as a multi capability platform that presents different investment teams with the freedom and
autonomy to manage their own funds objectively to maximize alpha and protect capital over the market cycle. This
approach promotes independent, entrepreneurial spirit and accountability that supports a dynamic culture.
Henderson manages money for some of the world's leading institutional investors across the globe.
We are a founder member of the Hedge Fund Standards Board.
CONTACT:
Bill Kelsey
[email protected]
(203) 536-3117
Hermes Fund Managers
AUM: $5.9 billion
FIRM OVERVIEW: Hermes Fund Managers is focused on delivering superior, sustainable, risk-adjusted returns –
responsibly.
Hermes aims to deliver long-term outperformance through active management. We have more than 120 investment
professionals managing $44.8* billion across equities, fixed income, real estate and alternatives. Our ownership by
the BT Pension Scheme aligns us with our clients.
We are leaders in responsible investment advisory services, positively engaging with the firms in which we invest,
advising on more than $171 billion of assets.
* Please note the total AuM figure includes $5.9bn of assets managed or under an advisory agreement by Hermes
GPE LLP (“HGPE”), a joint venture between Hermes Fund Managers (“HFM”) and GPE Limited. HGPE is an
independent entity and not part of the Hermes group. $0.8bn of total group AuM figure represents HFM mandates
under advice. Past performance may not be a reliable guide to future performance.
CONTACT:
Melissa Whitney
[email protected]
+ (44) 20 7680 2136
Higdon Partners, LLC
INCEPTION DATE: February 1986
FIRM OVERVIEW: Leading executive search firm specializing in investment management.
INVESTMENT STRATEGY: Recruit for key positions in endowments and foundations, family offices, hedge
funds, private equity firms, long/only firms, emerging markets firms, mutual funds, corporate pension funds, etc.,
etc.
CONTACT:
Henry G. Higdon
[email protected]
(212) 986-4662
Investcorp
AUM: $12 billion
FIRM OVERVIEW: Investcorp is an US$11.6 billion alternatives-only asset management firm. However, unlike
other such firms, Investcorp is first and foremost a principal investor, and we derive the lion share of our revenues
from the capital appreciation of our proprietary investments. Since we began investing in hedge funds in 1996, we
have maintained on average $1bn balance sheet exposure to hedge funds. Clients typically access our platform either
through a direct allocation into one of our seeded hedge funds (no double layer of fees) or via a customized
account. As a strong believer in emerging managers, we launched one of the first formal seed programs using our
own balance sheet capital in 2004, and have been an active investor in emerging managers, investing in over 70
hedge fund launches since 1996.
CONTACT:
DeWayne Louis
[email protected]
(917) 332-5783
Kairos
FUND NAME: Kairos Multi-Strategy Ltd
AUM: $700 million
INCEPTION DATE: Jan 2002
STRATEGY: Multi-Strategy
FIRM OVERVIEW: Kairos Partners was founded in 1999 as an independent and alternative global asset
management firm based on a total return investment culture. This vision has paved the way to what is today an
acknowledged and recognizable reality in the European asset management universe, with 135 employees and over
$7 billion of assets under management of which one third in multi-manager products. With a strategic presence in
the main international financial centers, the group provides a diversified and comprehensive platform of fund
management products and services for an international array of private and institutional clients.
INVESTMENT STRATEGY: Kairos Multi-Strategy invests in all strategies in the hedge fund space, with a bias
towards long-short equity, event driven and credit long-short strategies and have opportunistic allocations to macro
and CTAs.
CONTACT:
Elena Ostinato
[email protected]
+ (39) 02 7771 8210
KPG Capital Partners
FIRM OVERVIEW: KPG Capital Partners is a diversified consultancy firm that raises assets and advises quality
alternative investment and private equity managers, as well as collaborates on direct real estate investment
opportunities. With our primary focus being capital introduction, we have selected managers that we feel
demonstrate an extraordinary expertise in their respective disciplines.
KPG is involved in a wide range of global arenas including real estate, emerging markets, private equity,
commodities, and equity/fixed income. Our investor relationships include: family offices, corporate and
government pension plans, foundations, endowments, investment firms, commercial/private banks, asset
management, and private equity firms.
KPG has a global reach with representatives in New York, Miami, Paris, and Park City. The KPG team carries
significant securities registrations and our broker-dealer is registered with the SEC and is a member of FINRA.
CONTACT:
Michael Elias
[email protected]
(212) 588-8889
Longer Investments, Inc.
AUM: $167 million
FIRM OVERVIEW: Longer Investments Incorporated is an investment advisor registered with the U.S. Securities
and Exchange Commission since 1985. Longer Investments is also registered with the state securities commissions
in Arkansas, Oklahoma, and Texas. Longer Investments provides investment planning and management services to
a wide variety of clients throughout the United States. Among them are individuals, family trusts, corporations,
pension and profit sharing plans, public retirement accounts, charitable trusts, and not-for-profit foundations.
CONTACT:
Angela Cothern
[email protected]
(479) 443-5851
Lyxor Asset Management
AUM: $117.4 billion
FIRM OVERVIEW: Lyxor Asset Management (“Lyxor”) is the asset management division of Société Générale
Group and was founded in 1998. Lyxor manages $117.4 billion (as of May 31, 2014) across four business lines:
Alternative Investments (via single strategy hedge funds, as well as funds of funds), Quantitative & Structured
Funds, Structured Investments and Index Funds & ETFs. Lyxor’s guiding principles are innovation, transparency
and flexibility.
The firm is best known for its Award-winning Managed Account Platform, which consists of more than 80
individual hedge funds across a broad range of strategies. Additionally, Lyxor manages several multi-manager
vehicles, including traditional commingled funds of hedge funds, and funds of managed accounts. Lyxor also
constructs customized hedge fund portfolios for sophisticated investors.
Lyxor employs over 500 professionals, including 40 in New York. Lyxor Asset Management Inc. is the U.S.
subsidiary of Lyxor and is a U.S. registered investment adviser.
INVESTMENT STRATEGY: With 16 years of experience in selecting and managing Hedge Funds, Lyxor is a
global leader in Alternative Investments with USD 21.2bn assets under management (as of May 31, 2014). Lyxor
offers investment solutions via Hedge Funds managed accounts, Hedge Fund indices and multi-strategy alternative
portfolios across all asset classes. Relying on advanced risk management, seasoned Hedge Fund research specialists
and a disciplined investment process, Lyxor Alternative Investment solutions offer unparalleled transparency,
quality and diversity.
The Lyxor Managed Account Platform is one of the world’s leading hedge fund managed account platforms giving
access to a large group of portfolio managers, selected from among the best in the hedge fund world. With $11.3bn
assets under management (as of May 31, 2014), only Lyxor’s Managed Account Platform gives access to over 80
managers, selected among the best in the industry. With the addition of weekly liquidity, unrivalled transparency and
sophisticated monitoring features, you can invest with confidence. We offer investors much more than a platform;
we offer our unrivalled choice, quality and experience
CONTACT:
Johnita Mizelle
[email protected]
(212) 205-4072
Marshall Wace, LLP
FUND NAME: Marshall Wace manages a number of fundamental and systematic (“TOPS”) long/short equities
strategies.
AUM: $18.7 billion firm wide
INCEPTION DATE: January 1998
STRATEGY: Global Long/Short Equity
FIRM OVERVIEW: Founded in 1997, Marshall Wace is one of Europe’s foremost hedge fund managers
specializing in global long/short equity. We have investment management offices in London, New York and Hong
Kong. Marshall Wace has won multiple investment awards for both its flagship fund and its TOPS strategies,
reflecting the quality of returns delivered to investors over multiple time periods.
Having built a robust and scalable global infrastructure, Marshall Wace’s strong operational platform, disciplined
multi-factor risk control systems and efficient quantitative trading support our portfolio managers in their efforts to
maximize the skill-based return delivered to investors. In October 2010, 2011 and 2013, Marshall Wace was
recognized as ‘IT Department of the Year - Buy Side’ by the Financial News Awards for Excellence in Trading &
Technology.
Instrumental in the creation of the Hedge Fund Standards Board, Marshall Wace is a founder signatory of its Best
Practice Standards.
INVESTMENT STRATEGY: The firm is dedicated to the objective of providing its clients with strong and
persistent, risk-adjusted returns on their investments. Through its range of products, investors can select funds
offering variable sources of alpha and beta, in different combinations, from equity markets around the world.
Marshall Wace’s investment strategies bring together two distinct but complementary approaches to asset
management. First, traditional, fundamental long/short investing grounded in stock-specific analytical research and
secondly, Marshall Wace TOPS (‘MW TOPS’), the pioneering, and proprietary, systematic, alpha capture strategy.
CONTACT:
Jordan Foster
[email protected]
(212) 235-2820
Tom Kanter
[email protected]
(212) 235-2828
MFM Mirante Fund Management
FUND NAME: MFM Global Thematic L/S
AUM: $700 million
INCEPTION DATE: 2003
STRATEGY: Global Thematic - Long/Short Equity
FIRM OVERVIEW: MFM is an independent institutional asset manager based in Switzerland. We have a flexible
approach with niche investment funds.
INVESTMENT STRATEGY: UCITS Global Thematic Relative Value Liquid Strategy. We invest in growing
themes and specific sub sector without geographic restrictions.
In order to increase Alpha and reduce volatility, the Fund is shorting group of stocks in fading theme or overvalued
sub-sectors. The fund has a weekly liquidity and a UCITS format.
CONTACT:
Alexis Dawance
[email protected]
+ (41) 21 808 0098
MidOcean Partners
FUND NAME: MidOcean Credit Opportunity Fund
AUM: $900 million
INCEPTION DATE: April 2009
STRATEGY: Long/Short Credit
FIRM OVERVIEW: MidOcean Partners, a US middle market private equity firm, was formed in 2003 through the
management buyout of DB Capital, the private equity arm of Deutsche Bank. MidOcean Partners now manages
three private equity funds. Formed in 2009, MidOcean Credit Partners (“the Firm”) is a Registered Investment
Advisor and currently manages more than $1.3 billion of hedge fund assets in two strategies, the MidOcean Credit
Opportunity Fund (the “Credit Opportunity Fund”, the “Fund” or the “Manager”) and the MidOcean Absolute
Return Credit Fund (“MARC”), as well as separately managed accounts. In addition, the Manager also oversees two
collateralized loan obligations (CLOs) totaling $800 million and is a sub-advisor to a 40 Act mutual fund and a
UCITS fund.
INVESTMENT STRATEGY: The investment objective of the Fund is to generate superior returns in all market
scenarios with less volatility than the relevant market indices. The Fund invests both long and short across the
credit spectrum in bank loans, high yield bonds, credit derivatives and equities as well as special situations and
targets investment opportunities which are high yielding and/or event driven in nature.
The Fund seeks investments where the Manager can identify opportunities (both long and short) where securities or
other credit instruments are mispriced as a result of complexity, perceived liquidity, technical pressures and/or a
lack of readily-available information.
CONTACT:
Michael Considine
[email protected]
(212) 497-1391
MKP Capital Management, LLC
FUND NAME: MKP Opportunity / MKP Credit
AUM: $8.5 Billion
INCEPTION DATE: August 2001 / March 2009
STRATEGY: Discretionary Global Macro / Credit
FIRM OVERVIEW: MKP Capital Management, L.L.C. (“MKP”) is a diversified alternative investment manager
with over $8 billion in assets under management. The Firm has operated with a long-term approach to alternative
investing since its founding in 1995. MKP has been registered as an Investment Adviser with the U.S. Securities and
Exchange Commission since 2000 and its London affiliate has been authorized and regulated by the U.K. Financial
Conduct Authority since 2011. MKP invests across global markets, including U.S. and global rates, currencies,
credit, equities and commodities through its discretionary global macro and credit strategies. Each investment
strategy shares the objective of producing high risk-adjusted returns over the long term in a risk-controlled manner.
MKP believes that business integrity and transparency are an essential and uncompromising part of our business
model. With over 90 employees in New York and London, MKP operates with a full institutional infrastructure
across risk management, marketing, technology, operations, legal and support.
INVESTMENT STRATEGY:
MKP Opportunity
• A discretionary macro trading strategy with a fundamental value emphasis across global markets
• Team-first approach which seeks to maximize alpha generation
• Multi-market framework dynamically allocating capital to strategies offering what we believe to be the most
attractive risk-adjusted returns
• Identify asymmetric return-risk opportunities via pricing inefficiencies and a fundamental outlook
MKP Credit
• Core strategies include Agency and U.S. non-Agency & European residential mortgage-backed securities,
commercial mortgage-backed securities, corporate securities, equities and collateralized loan obligations
• Expertise up and down the capital structure and across asset classes
• Portfolio construction incorporates a fundamental credit view, which can be expressed in both long and short
positions, with either cash or derivatives
CONTACT:
Investor Relations
[email protected]
(212) 303-7100
Monroe Capital, LLC
AUM: $1.5 billion as of 4/1/14
INCEPTION DATE: 2004
FIRM OVERVIEW: Monroe Capital LLC is a leading provider of senior and junior debt and equity coinvestments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings,
cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and
equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and
fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior
management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2013 Small
Mid-Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year. To learn
more about Monroe Capital LLC, visit www.monroecap.com.
INVESTMENT STRATEGY: Monroe Capital is focused on directly agenting senior loans to middle market and
lower middle market companies.
CONTACT:
Sean Duff
[email protected]
(312) 523-2372
Morgan Stanley AIP
AUM: $35.8 billion
INCEPTION DATE: 2000
FIRM OVERVIEW: Established in 2000, Morgan Stanley AIP specializes in assisting investors achieve their goals
through the design, integration and management of alternative investment programs. By thoughtfully combining
expertise in fund investing, secondaries and co-investing, our multi-disciplinary investment teams have achieved
attractive track records across hedge fund, private equity, real estate and multi-asset class strategies. Our client
solutions include custom alternative investment portfolios, completion strategies, diversified and opportunistic
multi-manager strategies and fiduciary management. AIP manages, and advises on, $35.8 billion in assets and
employs over 200 professionals as of March 31, 2014.
CONTACT:
Maryellen Fazzino
[email protected]
(212) 296-6636
NFI Advisors, Inc.
FUND NAME: NFI Capital Partners, LLC
AUM: $31 million
INCEPTION DATE: January 2011
STRATEGY: Long/Short Derivatives Indexes
FIRM OVERVIEW: NFI Advisors, Inc. is a comprehensive investment advisory firm committed to helping our
clients improve their long-term financial success.
We believe that an effective wealth management strategy goes much deeper than traditional investment concepts.
Drawing on a team of experienced professionals, we are able to help you develop, manage, and achieve your
financial goals, while giving you the peace of mind and the freedom to focus on what is important in your life.
INVESTMENT STRATEGY: The Fund seeks to take advantage of the broadest opportunity set, focused on
public and liquid U.S. credit markets, within its core competency areas. Management is disciplined in the continual
balancing of risk and return.
Our Goals:
Provide low correlation to other asset classes.
Provide consistent, positive annual returns that are 9-12% above core investment returns.
Add incremental income above the laddered 1 to 10 year Treasury Bond.
Minimize drawdown in any month.
Core Investments:
Invest in US government Treasury Bonds
Enhanced Investments:
Sell/Buy Put/Call options on various equity indexes (e.g. S&P 500 Index) = collect premiums
Option expiration is generally less than 35 days
Sell/Buy options with a 95.5% statistical probability of success when written
CONTACT:
Thomas P Norris
[email protected]
(800) 972-0371
O-CAP Management, L.P.
INCEPTION DATE: September 2009
STRATEGY: Concentrated equity investing & lending
FIRM OVERVIEW: Deep value investment firm focused on concentrated investments in real asset sectors
throughout N. America & other developed western economies.
CONTACT:
Michael Olshan
[email protected]
(212) 554-4620
Perella Weinberg Partners
FIRM OVERVIEW: Perella Weinberg Partners is a leading independent financial services firm. Established in
2006, the Firm provides advisory and asset management services to a global client base, including corporations,
institutions and governments. Our Advisory business advises clients on mergers and acquisitions, financial
restructuring, capital structure advisory, private capital raising, pension matters, strategic advisory, independent
special committee advisory, and government services. The Asset Management business includes a suite of hedge
fund strategies, private investment funds and outsourced investment office solutions. Including affiliates, Perella
Weinberg Partners has capital commitments and managed assets of approximately $11.3 billion. Serving a diverse
group of global clients, Perella Weinberg Partners employs over 415 employees located in our New York, London,
Abu Dhabi, Denver, Dubai, and San Francisco offices.
CONTACT:
Melissa Parvis
[email protected]
(212) 287-3247
Pershing Square Capital Management, L.P.
FUND NAME: Pershing Square, L.P. Pershing Square International, Ltd. Pershing Square Holdings, Ltd.
AUM: $14.2 billion as of May 31, 2014
INCEPTION DATE: January 2004
STRATEGY: Activist, Long/Short, Event Driven
FIRM OVERVIEW: William Ackman is the founding member, CEO, and Portfolio Manager of Pershing Square
Capital Management, L.P., which was formed in December 2003. Pershing Square, L.P. commenced investing
January 1, 2004. Pershing Square International, Ltd. and Pershing Square II, L.P. commenced investing on January
1, 2005, and Pershing Square Holdings, Ltd. commenced investing on December 31, 2012. The Funds all pursue a
substantially similar investment strategy, and generally participate pro rata in investments, subject to tax, legal,
regulatory, current and expected cash balances and other considerations. The Funds are currently open for new
investments; however, Pershing Square Holdings, Ltd. is open only to non-US investors. The firm currently has
$14.2bn under management as of May 31, 2014. Pershing Square has one office in New York and currently has 57
employees.
INVESTMENT STRATEGY: Pershing Square Capital Management, L.P. is a concentrated, research‐intensive,
fundamental value investor in the public markets. We seek to identify and invest in long and short investment
opportunities that we believe exhibit significant valuation discrepancies between current trading prices and intrinsic
business (or net asset) value, often with a catalyst for value recognition. Our focus on deeply undervalued or
overvalued securities is due to our belief that a well-priced purchase or short sale is often the most important
determinant of the success of an investment. We also believe that acquiring a portfolio of investments at a large
discount to intrinsic value will provide a 384252.2 margin of safety that can mitigate the likelihood of an overall
permanent loss of capital. A substantial majority of the Funds’ capital is typically in 8 to 12 core investments. In
certain situations, if we believe the commitment of time, energy and capital is justified, we may seek to be a catalyst
to realize value from an investment by taking an active role in effectuating corporate change. These activist
techniques may include working with management, proposing a restructuring, recapitalization, sale, or other related
activities. We believe that these activist techniques can both accelerate and maximize the realization of value from
an investment.
CONTACT:
Tony Asnes
[email protected]
(212) 652-3170
Prudential Investment Management
AUM: $891 billion
FIRM OVERVIEW: Prudential Investment Management (PIM), the asset management arm of Prudential
Financial, is a diversified global asset manager with $891 billion under management (as of 3/31/2014). The firm has
a strong commitment to the institutional marketplace and serves leading corporate and public pension plans,
insurance companies, foundations, and sovereign wealth funds around the world.
INVESTMENT STRATEGY: PIM offers a wide range of investment products and services to institutional and
retail clients through its specialized asset management units, which include quantitative and fundamental equity
investments, public and private fixed income, and real estate debt and equity.
CONTACT:
Christopher Rowe
[email protected]
(973) 367-1563
Prudential Investment Management
AUM: $870 billion
FIRM OVERVIEW: Prudential Investment Management (PIM), the asset management arm of Prudential
Financial, is a diversified global asset manager with $870B under management (as of 3/31/2014). The firm has a
strong commitment to the institutional market place, as demonstrated by 26 consecutive quarters of positive thirdparty institutional net flows, and serves the leading corporate and public pension plans, insurance companies,
foundations, and sovereign wealth funds around the world.
INVESTMENT STRATEGY: PIM offers a wide range of investment products and services to institutional and
retail clients around the world through its specialized asset management units, which include both quantitative and
fundamental equity investments, public and private fixed income, and real estate.
CONTACT:
Taimur Hyat
[email protected]
(973) 367-6606
Springs Capital
FUND NAME: Springs China Opportunities Fund
AUM: Group level - over USD $1 billion
INCEPTION DATE: September 2007
STRATEGY: China L/S - dedicated to A-share
FIRM OVERVIEW: Springs Capital was founded in July 2007, with the aim of deriving the maximum capital
appreciation from investment opportunities offered by China’s rapid economic growth and significant improvement
in corporate competitiveness. Springs Capital is a China focused hedge fund manager which invests in China A, B,
and H-shares, with an edge in the China domestic A-share market.
Springs Capital offers both onshore RMB trust products for Chinese domestic investors and an offshore USD Fund
targeting overseas investors. The key personnel all come from Harvest Fund Management, one of the top 3 asset
management firms in China, and have strong academic and work background in both China and abroad. Springs
Capital currently has 29 employees, with office locations in Beijing, Hong Kong and Shenzhen. Management holds
the majority of shares of the firm, with all employees being eligible for long-term share allocation.
INVESTMENT STRATEGY: Based on solid and in-depth understanding of Chinese companies, the investment
manager seeks to invest in those companies which display significant growth potential. The investment team uses a
contrarian investment strategy focusing on firms which are temporarily mispriced, misunderstood, or underfollowed by the market, while trading at excellent values. The investment manager also takes into account the
relative values of sector rotation, catalyst-driven, and tactical trading strategies to enhance portfolio returns.
The investment process begins with the idea generation task where the manager seeks varieties of opportunities in
the Chinese securities universe. For the A-share market, we focus on the mid and small cap companies with strong
management and high growth, and are opportunistic in the H-share market. Based on the in-house developed
FARM system, where analysts and PM’s share research and market information, the manager identifies a list of ideas
to pursue on a number of different themes.
Fundamental Research is then performed by the team, which includes desk study, management interviews, internally
generated estimates, and strategic analysis and assessment of the company. The team holds approximately 200
management interviews and/or site visits over a one year period. Portfolios are constructed based on a compilation
of the best ideas in the market. All portfolio key holdings warrant at least two continued in-depth interviews per
year.
CONTACT:
Sidney Ma
[email protected]
+ (852) 2525 7418
Standard Life Investments
AUM: $304.9 billion
FIRM OVERVIEW: Standard Life Investments is a leading asset manager with an expanding global reach. Our
wide range of investment solutions is backed by our distinctive Focus on Change investment philosophy,
disciplined risk management and shared commitment to a culture of investment excellence. As of December 31,
2013, we manage $304.9 billion on behalf of clients worldwide. Our parent, Standard Life plc, was established in
1825. Standard Life Investments was launched as a separate company in 1998 and has established a reputation for
innovation in pursuit of our clients’ investment objectives. In the US, we focus exclusively on institutional investors.
As active managers, we place significant emphasis on rigorous research and a strong collaborative ethos. We
constantly think ahead and strive to anticipate change before it happens, ensuring that our clients can look to
the future with confidence. Our investment capabilities span equities, fixed income, real estate, private equity,
multi-asset solutions and absolute return strategies. At Standard Life Investments, we are at the forefront of multiasset investing, developing innovative products that aim to deliver targeted returns within tight risk boundaries. As a
result, we have more than $54 billion invested in our suite of absolute return portfolios.
CONTACT:
Jack Boyce
[email protected]
Starboard Value, L.P.
FUND NAME: Starboard Value & Opportunity Fund
AUM: Approximately $3 billion
INCEPTION DATE: Strategy: 2002
STRATEGY: U.S. Small Cap Value Creation
FIRM OVERVIEW: Starboard Value LP is a New York-based investment adviser with a focused and
differentiated fundamental approach to investing primarily in publicly traded U.S. companies. The Starboard Value
and Opportunity strategy (the “V&O Strategy”) has an 11-year track record. The investment strategy and
performance track record were developed and initiated in 2002 by Jeff Smith and Mark Mitchell with Peter Feld
joining them in February 2005.
INVESTMENT STRATEGY: Starboard seeks to invest in deeply undervalued companies and actively engage
with management teams and boards of directors to identify and execute on opportunities to unlock value for the
benefit of all shareholders. Starboard is comprised of 21 professionals. In addition to the Starboard Value and
Opportunity Fund, Starboard manages the Starboard Leaders Fund, which is a committed capital, drawdown
vehicle which invests alongside the Starboard Value and Opportunity Master Fund Ltd on Starboard’s larger, most
active investments.
CONTACT:
Doug Snyder
[email protected]
(212) 845-7909
Symphony Asset Management
FUND NAME: Long Short Credit and Event Driven
AUM: $608 million and $218 million
INCEPTION DATE: 10/01/1999 and 01/01/2012
STRATEGY: Long Short Credit and Event Driven
FIRM OVERVIEW: Symphony Asset Management is a boutique investment manager that applies a team based
approach to rigorous fundamental research, valuation and risk analysis across the corporate capital structure,
identifying and translating relative value into desired risk-reward outcomes for clients. Founded in 1994 and now a
leader in corporate credit, Symphony manages various absolute return strategies in high yield and convertible bonds,
senior bank loans, collateralized debt obligations and equity long only and hedge funds. A registered SEC
investment advisor headquartered in San Francisco, California with an office in New York City, Symphony manages
over $17 billion in assets and strives to consistently deliver superior risk-adjusted returns for institutional and high
net worth clients.
INVESTMENT STRATEGY: primarily invests long and short in single name high yield U.S. denominated bonds
and CDS. The strategy is actively traded and generates returns with low correlation to credit markets via sector
selection and high conviction ideas with a catalyst.
Individual names are evaluated considering credit fundamentals and potential downside risks. Liquidity screening
allows only bonds with investor depth and secondary-market support in the portfolio. For long positions,
Symphony seeks issuers with improving credit quality, high recovery value, and cheap valuation. Short positions
have the opposite characteristics. Analysts also consider the general economy and industry specific environment in
which companies operate.
The Event Driven Opportunities Strategy generates returns from tactical asset allocation across all asset classes
regardless of market cycles. The portfolio invests long and short in U.S. denominated high yield bonds,
convertibles, loans, equity and CDS. Each position possesses a short term event to drive alpha.
The team conducts an upside/downside analysis across the company’s capital structure to find the best risk-reward
opportunity to express an investment thesis. Positions are sized according to conviction level, scalability and return
potential. The short portfolio is used for alpha generation and hedging purposes. Top down macro, industry and
asset class views are also incorporated.
CONTACT:
Anne Popkin
[email protected]
(415) 676-4000
Cheryl King
[email protected]
(415) 676-4138
Renaissance Technologies, LLC
FUND NAME: Renaissance Institutional Equities Funds
AUM: $8.64 billion
INCEPTION DATE: 1-Aug-2005
STRATEGY: Quantitative, Long-Biased Equity
FIRM OVERVIEW: Renaissance Technologies LLC, founded by Dr. James Simons in 1982, is dedicated to
producing superior returns for its funds’ investors by applying rigorous quantitative methods in the design and
execution of its investment programs. The Firm has approximately 300 employees, manages approximately $26
billion as of June 2014, and maintains offices in New York City, Long Island, and London. Renaissance is an SEC
Registered Investment Adviser, a CFTC/NFA registered Commodity Pool Operator, and Commodity Trading
Advisor.
INVESTMENT STRATEGY: The Renaissance Institutional Equities Funds (“RIEF”) are quantitative, longbiased investment funds that invest in U.S. and non-U.S. equity securities publicly traded on U.S. exchanges.
RIEF's objective is to achieve attractive risk-adjusted returns that, on a gross basis, exceed the average yearly returns
of the S&P 500 Index in the long term. RIEF seeks a higher Sharpe ratio than the Index, a beta to the Index of 0.4
or lower, and most returns generated as alpha relative to the Index.
CONTACT:
David Schiller
[email protected]
(212) 821-1502
Taconic Capital Advisors L.P.
FUND NAME: Opportunity Fund & Event-Driven Fund
AUM: $9 billion
INCEPTION DATE: June 1999
STRATEGY: Multi-Strategy/Event-Driven
FIRM OVERVIEW: Taconic Capital Advisors L.P. is a multi-strategy, event-driven firm founded in June 1999 by
former Goldman Sachs partners, Ken Brody and Frank Brosens. Taconic currently manages approximately $9
billion and has 134 employees (48 investment and trading professionals) across its offices in New York, London
and Hong Kong. Taconic’s investment objective is to deliver strong risk-adjusted returns to investors over time by
utilizing a bottom-up, research-driven investment approach across three primary strategies: credit, equities and
capital structure arbitrage/hedged credit. The Firm is structured such that there is no permanent equity and the
profit share is broadly distributed and shared out of one pool, which encourages a team-oriented culture and strong
employee retention.
INVESTMENT STRATEGY: The Taconic investment team is responsible for identifying potential event-driven
investments for the Opportunity Fund and Event-Driven Fund by identifying trades with three defined attributes:
1) inefficiency, 2) identifiable catalyst(s), and 3) margin of safety. We believe our edge comes from in-depth
probabilistic analysis of a variety of complex event-driven situations – particularly situations that involve litigation,
change of control, and regulatory or legislative changes. Investments are made in a highly diverse set of catalystdriven situations including distressed credit, structured credit (RMBS/CMBS), equities, merger arbitrage, and capital
structure arbitrage/hedged credit. Taconic is willing to be an active investor in credit and equity situations when
appropriate. Taconic’s Funds incorporate a portfolio hedge overlay that is designed to limit losses in a severe market
dislocation.
CONTACT:
Lala Ghahreman
[email protected]
(212) 209-3121
TPG-Axon Capital
FUND NAME: TPG-Axon Partners (Offshore), Ltd
AUM: $2.9 billion
INCEPTION DATE: February 2005
STRATEGY: Global Long/Short (multi-security)
FIRM OVERVIEW: TPG-Axon is a premier global hedge fund focused on fundamental long/short investing
across all geographies, primarily through equity securities. Our disciplined investment process combines
exceptional global breadth with deep fundamental analysis to construct a single, concentrated, hedged portfolio with
low net exposures to markets. Our goal is to deliver 10-20% annual returns, with reduced correlation to global
markets, and without excessive volatility.
Dinakar Singh launched TPG-Axon in 2005, following a successful career as a senior partner at Goldman Sachs,
where he led the GS Principal Strategies group. Our experienced team includes over 60 employees, located in New
York, Hong Kong and Tokyo. TPG-Axon represents a rare combination of truly global capability and experience,
with long-term relationships that are key to promoting an integrated team.
INVESTMENT STRATEGY: We maintain a global perspective with flexibility to our investing process. We
believe a rigid and compartmentalized region or sector approach to investing is wrong for today’s markets. The
companies we invest in are increasingly geographically agnostic, and span a wide range of subsectors – to analyze
them well we must be equally agnostic and flexible. We have structured our team and investment process to
facilitate comparisons across boundaries, and superior macro-economic perspectives help guide us to the best
micro-economic investment opportunities. We rigorously compare and select the best opportunities from across all
three major investing geographies (Americas, Asia and Europe) rather than constraining our portfolio by top-down
capital allocations.
We believe a focused portfolio, combined with sufficient diversity and hedging to mitigate correlation and volatility,
is critical to generate significant long-term alpha. We construct a single portfolio concentrated in our best 15 to 20
global investment ideas, and each investment idea is paired with specific hedges intended to isolate the risk and
reduce correlation to broader macroeconomic factors. Dinakar leads our investment team in constant ‘compare and
contrast’ exercises, across geographies and sectors, on both longs and shorts, to maximize portfolio selectivity and
quality. In addition to other disciplined guidelines, we target low net exposures to markets, typically in the 0-30%
range.
CONTACT:
Beth Kojima
[email protected]
(212) 479-2084
The Carlyle Group (DGAM)
FIRM OVERVIEW: Diversified Global Asset Management Corporation (DGAM) is a global alternative
investment manager, based in Toronto, Canada, with over $6.6 billion in managed and advised assets. DGAM is a
wholly owned subsidiary of The Carlyle Group, acts as the hedge fund platform for Carlyle Solutions. DGAM’s
institutional client base includes some of the world's largest pension funds, endowments and sovereign wealth
funds. The firm provides institutions with opportunities to take advantage of our 20 years of experience in hedge
funds. The organization has been purpose-built to manage the complexities of alternative asset classes with a
complementary blend of investment and operations expertise. DGAM builds portfolios that allow clients to
optimize at their level, to access a wide range of investment strategies and managers, and to tailor their return
distributions.
CONTACT:
James Thomas
[email protected]
(416) 319-6806
The Children’s Investment Fund (TCI)
FUND NAME: The Children’s Investment Master Fund
AUM: TCI Master Fund: $8.8 billion, Firm: $13.5 billion
INCEPTION DATE: June 3, 2003
STRATEGY: Global Equity – Event/Activism
FIRM OVERVIEW: The Children's Investment Fund (TCI) was established by Christopher Hohn in 2003. The
Children’s Investment Master Fund is a concentrated long-biased, value, opportunistic fund that looks for
businesses in three situations: 1) under-researched and undervalued; 2) those waiting for a catalyst or an event to
happen or 3) those where there is a belief activism can add value. These businesses are typically in sectors where
there are monopolies, oligopolies, franchise or high barriers to entry. They are often hard asset businesses that tend
to have strong pricing power. TCI identifies strong business franchises with solid fundamentals in the expectation
of realizing absolute returns over time. TCI aims to bring a long-term, owner-oriented investing philosophy to the
public markets. TCI actively engages company managements via constructive engagement and in some cases public
activist campaigns.
CONTACT:
Bronwyn Owen, CFA
[email protected]
(212) 251-3252
Tilden Park Capital Management, L.P.
FUND NAME: Tilden Park Investment Master Fund LP
AUM: $2.3 billion
INCEPTION DATE: January 2011
STRATEGY: Multi-strategy fixed-income
FIRM OVERVIEW: Tilden Park is a $2.3 billion multi-strategy fixed-income-focused alternative asset manager led
by Josh Birnbaum. Prior to founding Tilden Park, Mr. Birnbaum co-headed the Structured Products Group at
Goldman Sachs and played a considerable role in generating large profits for the bank during 2007 from trading the
ABX, other RMBS and financial equities. Tilden Park’s strategies include structured products and mortgages, fixed
income relative value and related corporate credit and equity strategies. Mr. Birnbaum founded Tilden Park in mid2008 along with Jeremy Primer, who worked closely with Mr. Birnbaum at Goldman Sachs, and Sam Alcoff, a
former Director at BlackRock. Together, they spent the first year and a half developing research and technology and
built Tilden Park’s infrastructure to take advantage of opportunities in the structured products markets in a highly
systematic and scalable way. In January 2011 launched its flagship multi-strategy fund.
INVESTMENT STRATEGY: Tilden Park's investment strategy is to generate attractive risk-adjusted returns by
identifying asymmetric risk/return profiles. Capital preservation is a central focus with a rigorous emphasis on
hedging. Tilden Park’s trading philosophy is to harmonize a systematic approach that identifies market inefficiencies
through a combination of fundamental models and tactical market-based tools with top-down common sense
driven investment views.
CONTACT:
Federico Persico
[email protected]
(212) 754-1704
Voya Investment Management
(Formerly ING U.S. Investment Management)
FIRM OVERVIEW: Voya Investment Management (Voya IM) is a leading active asset management firm. As of
March 31, 2014, Voya IM manages approximately $213* billion for affiliated and external institutions as well as
individual investors. Drawing on over 40 years of experience and an ongoing commitment to reliable investing,
Voya IM has the resources and expertise to help long-term investors achieve strong investment results.
We earn the trust of our clients by always putting their interests first. Guided by our understanding of their needs,
we focus on delivering unmatched service and strong long-term performance. With an emphasis on active
management, our investment skills are organized around disciplined processes designed to maximize the probability
of repeatable performance; our proprietary research and analytics seek unrecognized value ahead of consensus, and
we construct portfolios to ensure all risk positions are deliberate, diversified and consistent with client guidelines. By
focusing on our core capabilities, we aim to deliver consistent performance across a variety of strategies that will
earn high rankings in terms of excess returns and risk efficiency.
Voya Investment Management offers investment services to a variety of institutional clients including public,
corporate and union retirement plans, sub-advisory, OCIO service providers, endowments, foundations and
insurance companies, as well as to individual investors via intermediary partners such as banks, broker/dealers and
independent financial advisors.
INVESTMENT STRATEGY: We believe that our approach to active management can identify unrecognized
value — that is, attractive investment opportunities — ahead of consensus, generating excess returns:
 By applying disciplined investment processes to organize and integrate elements of macro and security level
analysis;
 Through intensive proprietary research focused on finding inefficiencies in the markets; and
 Consistently, in conjunction with state-of-the-art portfolio construction and risk management.
Our professional, operational and business resources enable us to offer clients a variety of investment solutions:
 Equities
 Fixed Income
 Multi-Asset Strategies and Solutions
 Senior Loans
*Voya IM assets of $213 billion include proprietary insurance general account assets of $86 billion on a market
value basis. Voya IM assets, as reported in Voya Financial, Inc. SEC filings, include general account assets valued on
a statutory book value basis and total approximately $207 billion. Both totals include $7 billion in Private Equity, $7
billion in Real Estate and $6 billion in other assets including those sub-advised through the Voya family of funds
and the Multi-Asset Strategies and Solutions product offerings.
CONTACT:
Bas NieuweWeme
[email protected]
(212) 309-6457
Wellington Management Company, LLP
FIRM OVERVIEW: Tracing our history to 1928, Wellington Management Company LLP is one of the world’s
largest independent investment management firms. With US$869 billion in assets under management as of 31
March 2014, we serve as a trusted adviser for institutions, including family offices, in over 50 countries. Our
innovative investment solutions are built on the strength of rigorous, proprietary research and span nearly all
segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a
private partnership whose sole business is investment management, our long-term views and interests are aligned
with those of our clients. Our commitment to investment excellence is evidenced by our significant presence and
long-term track records in nearly all sectors of the global securities markets.
CONTACT:
Lisa Thors
[email protected]
(617) 951-5704
Whitebox Advisors, LLC
FUND NAME: Multi Strategy Partners, L.P.
AUM: $1.3 million
INCEPTION DATE: 1/1/2002
STRATEGY: Multi-Strategy
FIRM OVERVIEW: Whitebox Advisors LLC, founded in 2000 in Minneapolis, is an SEC registered investment
adviser to hedge funds and mutual funds managing $4 billion in assets under management as of 5/31/2014. We are
security and asset-class agnostic arbitrageurs, participating in U.S. and foreign equities, credit, fixed income, hybrids,
and derivatives. The firm is guided by 10 Investment Principles, the first of which is “The source of investment
return is the efficient reduction of risk.” Seeking asymmetric upside potential and limited risk, Whitebox maintains a
long-term focus on capital appreciation over time.
INVESTMENT STRATEGY: The investment objective of Whitebox Multi-Strategy Partners, L.P. (the
"Partnership”) is to provide superior capital appreciation. The Partnership pursues this investment objective by
dynamically allocating its assets among a variety of proprietary investment strategies that to seek to capture alpha
from systematic inefficiencies and idiosyncratic opportunities across asset classes and market cycles. The investment
strategies employed by the Partnership may include the following: relative value, event driven, equity and macro. In
employing these strategies, the Partnership typically focuses on arbitrage opportunities between markets and capital
structures created by different objectives, skills and systems of dominant players in the market. The Partnership
utilizes a combination of proprietary quantitative modeling and fundamental analysis to identify mispricings and
arbitrage opportunities.
CONTACT:
Jon Olstein
[email protected]
(612) 253-6089
William Blair & Company, LLC
FIRM OVERVIEW: William Blair & Company, L.L.C. is an independent, 100% active-employee owned firm,
with broad based ownership. Our firm was founded in 1935 and is based in Chicago, with office locations in 13
cities including London, Zurich, and Sydney. Our philosophy is to serve our clients' interests first and foremost.
With $62.1 billion in assets (as of March 31, 2014), we provide portfolio management for equity, fixed income,
multi-asset and alternatives strategies organized by geographies, market capitalizations, and styles. Investment
Management offers clients Separately Managed Accounts, Collective Investment Trusts, Mutual Funds, and SICAVs
for non-US investors. Our portfolio managers and analysts tend to have long tenures, and most are equity owners
of the firm. We continue to innovate, enhance our investment process, invest in technology and attract the most
talented people in the industry. We are committed to building enduring relationships with our clients and providing
expertise and solutions to meet their evolving needs.
FUND NAME: Macro Allocation Fund
AUM: $725 million as of 3/31/2014
INCEPTION DATE: 11/30/2011
INVESTMENT STRATEGY: The Macro Allocation Fund seeks to capitalize on global opportunities through
active management across asset classes, geographies, currencies, and risk themes. It employs a top-down approach
that focuses on general price movements in various asset classes and currencies rather than the performance of
individual company securities. The macro asset allocation strategy is based primarily on the fundamental investment
valuations of asset classes and currencies. The team believes that investment fundamentals determine future cash
flows which ultimately drive the value of asset classes and currencies. Their goal is to identify and exploit periodic
discrepancies between fundamental values and market prices. These perceived value/price discrepancies are the
foundation for the strategy's portfolio construction. The strategy is structured to fit into an existing portfolio and is
designed to provide investors with active returns in macro allocations which are additive to the active returns in
more narrowly defined mandates. The strategy seeks to achieve a total return objective of CPI +6% with a longterm average risk of 10%.
FUND NAME: Emerging Markets Leaders Fund
AUM: $773 million as of 3/31/2014
INCEPTION DATE: 4/1/2008
INVESTMENT STRATEGY: The Emerging Markets Leaders strategy seeks to invest in emerging markets
companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings
growth, resulting in a focused portfolio of leading companies.
The strategy seeks out well-managed companies of any size with superior business fundamentals, including global
leadership in product quality or cost competitiveness, dominant or improving market position within a growing or
local or regional economy, and sustainable above-average and/or increasing returns on invested capital. The strategy
will normally be invested in at least six different countries. The strategy's sector and geographic diversification will
vary, based on the ongoing evaluation of economic, market and political trends throughout the world. The strategy
provides focused investments (50-80 names) in leading companies in terms of products, services, and execution.
The two PMs have been running the emerging markets strategies at William Blair since 1996 and 2000, respectively.
CONTACT:
Edward J. Finn, Partner
[email protected]
(312) 364-8868
WisdomTree
FIRM OVERVIEW: WisdomTree launched its first ETFs in June of 2006, and is currently the industry's fifth
largest ETF provider. WisdomTree sponsors 69 distinct ETFs that span asset classes and countries around the
world. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives. WisdomTree
pioneered the concept of fundamentally weighted ETFs and active ETFs and is currently an industry leader in both
categories. WisdomTree is the only publicly traded asset manager exclusively focused on the ETF industry. As of
6/30/2014, WisdomTree had $35.5 billion in assets under management. WisdomTree is listed on the NASDAQ
Global Market under the ticker: WETF.
FUND NAME: DXJ
AUM: $10.5 billion as of 6/30/2014
INCEPTION DATE: 6/16/2006
INVESTMENT STRATEGY: WisdomTree Japan Hedged Equity Fund is designed to provide exposure to
equity securities in Japan, while at the same time hedging exposure to fluctuations between the value of the U.S.
dollar and the Japanese Yen. This Fund seeks to track the performance of equity securities in Japan that are
attributable solely to stock prices without the effect of currency fluctuations.
FUND NAME: HEDJ
AUM: $1.8 billion as of 6/30/2014
INCEPTION DATE: 12/31/2009
INVESTMENT STRATEGY: WisdomTree Europe Hedged Equity Fund is designed to have higher returns than
an equivalent non-currency hedged investment when the value of the U.S. dollar is increasing relative to the value of
the euro, and lower returns when the U.S. dollar declines against the euro. This Fund will invest in stocks of
European companies with significant revenue from exports.
CONTACT:
Christopher Krein, Director of Institutional Sales
[email protected]
(917) 267-3712
York Capital Management
FUND NAME: York Capital Management L.P.
AUM: $7.2 billion
INCEPTION DATE: October 1991
STRATEGY: Event-driven, multi-strategy
FIRM OVERVIEW: York was founded in September 1991 by Jamie Dinan as a hedge fund platform, with the
goal of generating attractive risk-adjusted returns across business and market cycles. Since inception, the Firm has
sought to achieve this goal through a combination of focused research and investment selection, coupled with
disciplined risk management.
Jamie Dinan has developed the Firm by assembling a cohesive team of talented professionals with complementary
backgrounds and diverse skill sets. As of May 30, 2014, York employed 50 investment professionals and 184 total
employees globally, located primarily in New York, London, and Hong Kong. The Firm’s investment professionals
possess multi-disciplinary knowledge and relationships across industry sectors, geographies, business cycles and
equity and debt markets.
As of June 1, 2014, the Firm managed approximately $23.5 billion in assets across eight hedge fund strategies as well
as five other investment strategies.
INVESTMENT STRATEGY: York Multi-Strategy is a diversified, multi-strategy event driven fund with an
emphasis on capital preservation. York invests in the securities of companies subject to, or potentially subject to,
meaningful corporate activity where the Firm believes the market price does not adequately reflect the effect that
such activity will have on the securities’ valuation. York focuses primarily on three areas of investment
opportunities: special situations equities, risk arbitrage and distressed credit. In particular, York invests in securities
that are subject to corporate events such as mergers, consolidations, acquisitions, asset transfers, tender offers,
exchange offers, spin-offs, recapitalizations, liquidations, restructurings, refinancing’s or bankruptcy proceedings.
York’s investment strategy is a flexible, “all season” approach, which enables the Firm to pursue investment
opportunities in virtually any market environment. Additionally, York’s multi-cultural and multi-lingual investment
team with broad global experience allows the Firm to take advantage of opportunities around the world with a
particular focus on markets where the rule of law exists.
CONTACT:
Howard Scott
[email protected]

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