Most assets are in four multistrategy funds. Investors include pension funds (30% of assets), funds of funds (16%), corporations and institutions (14%), foundations and endowments (13%), private banks (11%), related parties (9%), and family offices and individuals (7%).
After three of its four master funds trailed the broader HFRI Fund Weighted Composite index in 2010, all funds outperformed the index in 2011 – and all but its Asia fund are outperforming through the first 10 months of this year.
2012 performance has been driven by structured credit, long/short equity and corporate credit. Company executives have said the firm remains focused on corporate and structured credit opportunities in the U.S. and Europe.