Loading indicator

Enter search term

Capital Markets Investments

By applying our comparative advantages – scale, certainty of assets and our long investment horizon – our teams pursue the best opportunities worldwide.

Our partners

External Portfolio Management

External Portfolio Management (EPM) creates value by engaging external managers whose strategies and expertise complement the overall CPP Investments portfolio.

Anchorage Capital Group

Location: New York, United States
Date of initial investment: 2011

Anchorage Capital Group, L.L.C. (“Anchorage”) is a New York-based registered investment adviser founded in 2003 by Kevin Ulrich and Tony Davis. As of March 31, 2015, Anchorage manages approximately $15 billion, investing in a wide range of assets across the credit spectrum and throughout a company’s capital structure, including performing corporate bank loans and bonds, credit derivatives, defaulted debt and restructured equity. The flagship Anchorage Capital Partners funds are corporate credit-focused funds that invest on a long and short basis primarily in North America and Europe, with a particular emphasis on distressed investments and special situations. The firm also manages other strategies focused on short credit and illiquid credit opportunities. Anchorage has over 100 employees with offices in New York, London, Sydney and Luxembourg.

Website

Amia Capital LLP

Location:  London, UK
Date of initial 
investment:  2017

Amia Capital LLP is the investment manager of Amia Capital Macro Fund, a discretionary global macro strategy focusing on multi-asset class opportunities in developed and emerging markets.

Website

AQR Capital Management

Location: Greenwich, CT, United States
Date of initial investment: 2008

AQR is a global investment management firm built at the intersection of financial theory and practical application. We strive to deliver superior, long-term results for our clients by looking past market noise to identify and isolate what matters most, and by developing ideas that stand up to rigorous testing. Founded in 1998, AQR is a leader in alternative and traditional strategies for institutional investors, including pensions, as well as registered investment advisors. AQR is based in Greenwich, Connecticut, with offices in Chicago, Los Angeles, London, and Sydney. The firm managed $131.6 billion as of March 31, 2015.

Website

Arrowstreet Capital

Location: Boston, MA, United States
Date of initial investment: 2004

Arrowstreet Capital, Limited Partnership (“Arrowstreet”) is a discretionary institutional global asset manager that was founded in June 1999.   Arrowstreet has been a registered investment adviser with the SEC under the U.S. Investment Advisers Act of 1940, as amended, since July 1999.  Headquartered in Boston, Massachusetts, Arrowstreet is a private limited partnership that is wholly-owned by its senior management and non-executive directors.

Website

Avitah Capital LLP

Location: London, United Kingdom
Date of initial investment: 2019

Avitah Capital LLP (“Avitah”) was founded in 2010 by Dave Matthews and began trading in January 2011. Avitah is a commodity investment manager specializing in the European energy markets. The core products are Gas, Power, Coal and Carbon Emissions. The Firm employs a fundamental, discretionary strategy with technical analysis and a strong focus on risk management. The partners have a long history of working together and a successful track record of investment performance and business management.

Website

Broad Bay Capital Management

Location: New York, United States
Date of initial investment: 2018

Broad Bay Capital Management is a New York based low-net long/short fund that invests predominately in small and mid-cap equities in the consumer, industrial and business service sectors. Founded in 2016 by Scott Greeder, the fund seeks to generate uncorrelated returns with moderate volatility and compound capital regardless of market conditions.  Investment principles include original idea generation, deep fundamental research, low hedge fund investment overlap and alpha-generating short ideas.

BFAM Partners

Location: Hong Kong
Date of initial investment: 2014

BFAM Partners runs an Asian multi-strategy fund focused on generating absolute returns across market cycles by investing in credit, equity linked and volatility markets. BFAM is a local fund head quartered in Hong Kong. The fund launched in June 2012, and its founder and senior investment team members have been active in Asian markets since 1992. BFAM uses a top down macro view together with bottoms up research and deep Asian market experience to drive tactical trading and medium term positioning across the capital structure. The fund looks to benefit from the fat tails and frictional mispricing that occur in Asian markets.

BlackRock

Location: Global
Date of initial investment: 2007

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2015, BlackRock’s AUM was US $4.774 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, 2015, the firm had approximately 12,300 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

Website

Boundary Creek Advisors

Location: New York and London
Date of initial investment: 2019

Boundary Creek Advisors, LP was founded in 2018 and is a long/short credit manager investing across the European and North American high yield markets.  The investing strategy pursues technical and fundamental credit market opportunities and is supported by proprietary systematic screening and deep fundamental research.  The investing partners have worked together successfully for a decade.

Website

Bridgewater

Location: Westport, CT, United States
Date of initial investment: 2011

As of March 31, 2015, Bridgewater manages $170 billion in global investments for a wide array of institutional clients, including foreign governments and central banks, corporate and public pension funds, university endowments and charitable foundations. Approximately 1,500 people work at Bridgewater, which is based in Westport, Connecticut.

Website

Brilliance Capital Management 

Location: China and Hong Kong
Date of initial investment: 2018

Brilliance Capital Management was founded in early 2013 and Brilliant Partners Fund was launched on 1 June of the same year. The Firm holds asset management licenses from Securities and Futures Commission of Hong Kong and U.S. Securities and Exchange Commission through Brilliance Asset Management Limited. The Firm is also Qualified Professional Asset Manager under Employee Retirement Income Security Act. 

The Firm manages $1.2 billion in assets, as of April 2018, across comingled funds and managed accounts. Founder and CIO, Mr. Lin Shi, committed his personal investments in the Fund.
 
The Firm has two offices in Beijing and Hong Kong. Mr. SHI Lin, all 6 analysts, 2 trader and 4 operations are based in Beijing office, while execution trader and compliance (risk) officer are based in Hong Kong office, while business development team is based on both offices.

Website

Capital Fund Management

Location: Paris, France
Date of initial investment: 2008

Capital Fund Management, founded in 1991, is a quantitative investment manager based in Paris, France, with offices in New York, London and Tokyo. Their team of approximately 135 includes Ph.D.’s, mainly physicists from prestigious institutions, and a team of IT and data specialists.

CFM’s business model is based on in-depth research, state-of-the-art IT infrastructure and experienced risk management. They invest in applied scientific research and sophisticated information technology systems to extract value across global securities, futures, foreign exchange and options markets. Their methodology relies on the in-depth statistical analysis and application of petabytes of data — including prices, fundamentals and other metrics — for asset allocation, trading decisions and order execution.

Website

Cevian Capital

Location: Europe
Date of initial investment: 2008

Cevian Capital is a private investment firm acquiring significant ownership positions in European public companies where long term value can be enhanced through active ownership. Cevian generally invests in companies overlooked or misunderstood by the market and in many instances out of favor with investors. Cevian targets investments where there is a meaningful opportunity to enhance the long term value by improving corporate governance, operational performance, corporate strategy and structure. Cevian Capital II Fund has approximately EUR 12.5 billion in assets under management.

Website

Column Park Asset Management, LP

Location:  New York, United States
Date of initial Investment:  2018 

Column Park Asset Management, LP (“Column Park”) was founded in 2013 by Brian Nold, Andrew Brenner, Daniel Shatz and Edward Yu. In 2014, Column Park launched its long/short credit strategy, which seeks to produce consistent, market-leading, risk-adjusted returns with a focus on downside protection and capital preservation, especially through market transitions. Column Park aims to generate superior returns in all stages of the credit cycle through long and short investments, primarily in corporate fixed income products. Column Park’s portfolio is driven by bottom-up, fundamental research applied across three strategies: Fundamental Credit; Event Driven; and Tactical Trading.

Website

Connor, Clark & Lunn

Location: Toronto, Canada
Date of initial investment: 2004

Vancouver-based Connor, Clark & Lunn Investment Management (CCL) was established in 1982 and has grown to be one of Canada’s largest independent money management firms. The firm is dedicated to managing investment portfolios for pension fund sponsors, capital accumulation plans, corporations, not-for-profit organizations, First Nations groups, mutual funds and individual investors. The firm offers a diverse array of investment services including fundamental and quantitative equity strategies, fixed income, balanced portfolio solutions.

Website

Corvex Management

Location: New York, United States
Date of initial investment: 2014

Corvex Management LP (“Corvex”) is an investment firm headquartered in New York, New York that engages in fundamental value-based investing across the capital structure in situations with identifiable catalysts. Corvex was launched in March 2011 and follows an opportunistic approach to investing with a specific focus on equity investments, special situations and distressed securities largely in North America. As of April 1, 2015, Corvex had 27 employees and in excess of $7 billion in assets under management.

Dendur Capital LP

Location: New York, United States
Date of initial investment: 2019

Dendur Capital LP (“Dendur”) is a New York-based investment firm founded by Malcolm Levine in 2019.  Dendur employs an event-driven strategy that combines deep fundamental research with rigorous event analysis applied through a market lens.  Dendur invests across the capital structure with an orientation towards equities and focuses on a concentrated portfolio of longs and shorts built around idiosyncratic situations with compelling risk/reward profiles.  The team has extensive experience investing in public and private markets and in various strategies, which it believes leads to a differentiated perspective in event investing.

Website

DSP Investment Managers

Location: India
Date of initial  investment: 2018

DSP Investment Managers is one of the premier investment management companies in India, with over two decades of track record of investment excellence. It is the investment management venture from the house of the 152 year old Indian financial firm, DSP Group. Having commenced their stock broking business in the 1860s, the family behind the group has been very influential in the growth and professionalization of capital markets and money management business in India. DSPIM provides investment and advisory solutions to a variety of investors including sovereign, quasi-sovereign, institutional, HNIs and individuals, with multiple strategies across listed equities and fixed income.

DSP Group’s joint venture with Merrill Lynch Investment Managers in 1996 had originally established its retail asset management business in India, DSP Merrill Lynch Asset Management (India) Ltd. This business went on to become DSP BlackRock Investment Managers Pvt. Ltd. in 2008 (after BlackRock Inc. took over Merrill Lynch’s global asset management business in 2006). In August 2018, the DSP Group completed the buyout of BlackRock’s 40% stake in DSP BlackRock Investment Managers to become DSP Investment Managers.

Website

Ebisu Capital Inc.

Location: Tokyo, Japan
Date of initial investment: February 14, 2019

Established in 2018, Ebisu Capital Inc. is a Tokyo-based investment manager with a primary focus on the Japanese market. The firm pursues a fundamental equity long/short strategy coupled with a macro overlay. Ebisu Capital conducts independent fundamental research on companies and sectors to formulate differentiated views. Takashi Shida, Ebisu’s CIO, leads the core investment team who have worked together since 2010.

Effisimo Capital Management

Location: Singapore
Date of initial investment: 2013

Founded in 2006, Effissimo Capital Management is an independent investment management firm based in Singapore focused on the Japanese market. The firm’s investment philosophy is value oriented, and aims to generate investment returns through long-term appreciation in each portfolio company’s enterprise value and through payouts of capital in the form of dividends. It manages assets primarily for institutional investors of public character including university endowments, non-profit foundations, and private and government sponsored pension plans.

Elliott

Location: New York, United States
Date of initial investment: 2009

Founded in 1977, Elliott is a New York-based investment firm with offices in London, Hong Kong, and Tokyo. Elliott’s multi-strategy funds opportunistically invest in a variety of strategies including distressed situations, performing debt, equity oriented investments, event-driven situations, structured products, commodities, fixed income arbitrage, related securities arbitrage, and portfolio protection. The firm employs approximately 347people worldwide, nearly half of whom are dedicated to portfolio management, risk management, trading, and research. As of April 1, 2015, Elliott manages US$25 billion.

Website

Engineers Gate

Location: New York, United States
Date of initial investment: 2015

Engineers Gate is a proprietary trading firm based in New York City founded in early 2014. We are a team of mathematicians, computer scientists, financial engineers, and other market professionals operating and managing private investment capital and building a next generation platform for quantitative trading. Through a systematic investment process, careful risk management, and a dedication to integrity, intellectual rigor, and collaboration, we seek to generate exceptional risk-adjusted investment returns. Engineers Gate is a Registered Investment Advisor regulated by the SEC as well as a Commodity Pool Operator regulated by the CFTC.

Website

ExodusPoint Capital Management, LP

Location:  New York, NY
Date of initial Investment:  2018 

ExodusPoint Capital Management, LP (“ExodusPoint”) was founded in 2017 by Michael Gelband and Hyung Lee and began operations in 2018.  The Firm employs a global multi-strategy investment approach, seeking to deliver asymmetric returns by combining complementary liquid strategies managed by experienced portfolio managers within a robust risk framework.  ExodusPoint brings together an accomplished team with unique hands-on experience running multi-manager businesses to create an institutional caliber investment management firm.

Fermat Capital Management

Location: Westport, United States
Date of initial investment: 2011

Fermat Capital Management, LLC is a specialty investment management firm founded in Westport, Connecticut in 2001. With over US$4.4 billion in assets under management as of 31 March 2014 Fermat Capital manages institutional portfolios of Insurance-Linked Securities (ILS) with a particular emphasis on catastrophe bonds. As a complementary overlay to its long only, fundamental value approach to investing, the firm develops and employs an active trading strategy supported by proprietary systems that adapt and consolidate traditional insurance industry risk estimation models for the continuous-time trading of ILS.

Website

Fortress Investment Group

Location: New York, United States
Date of initial investment: 2010

Fortress Investment Group LLC is a leading, highly diversified global investment manager with $37.5 billion in assets under management as of December 31, 2013. Founded in 1998, Fortress manages assets on behalf of over 1600 institutional investors and private clients worldwide across a range of credit, private equity, liquid markets and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG)

Website

Garda Capital Partners

Location:  Minneapolis, MN, United States
Date of initial investment:  2016

Garda Capital Partners (“Garda”) is an independently owned asset management firm specializing in global alternative investment strategies from its offices in Minneapolis, Minnesota and Geneva, Switzerland. Garda was established by a committed team of professionals to provide sophisticated institutional investors access to its focused fixed income relative value and inflation index outperformance strategies. The firm’s relative value fixed income strategies seek to capture opportunities in interest rate disparities across global markets, specifically in sovereign debt instruments in developed fixed income markets. Garda believes that performance is fueled by a culture of uncompromising integrity, and is dedicated to open and transparent partnerships with its investors, counterparties, and employees. The firm manages approximately $2.5 billion in assets, and has a team of about 50 employees.

Website

Garrison Investment Group

Location: New York, United States
Date of initial investment: 2012

Garrison Investment Group is a New York based registered investment adviser founded in March 2007 by Steven Stuart and Joseph Tansey. Garrison invests opportunistically in the debt of middle-market companies, primarily in the areas of corporate finance, real estate finance and structured finance. As of April 1, 2014, Garrison had approximately $3.5 billion of committed and invested capital under management and a team of 72 employees, including 42 investment professionals.

Website

Knighthead Capital Management

Location: New York, United States
Date of initial investment: 2013

Knighthead Capital Management, L.L.C. (“Knighthead”) is a New York-based registered investment adviser founded in 2008 by Ara Cohen and Tom Wagner. Knighthead is a long-short investment management firm specializing in event driven distressed credit and other special situations across a broad array of industries. As of January 1st, 2015, Knighthead manages in excess of $4 billion.

Website

LMR Partners

Location: London and Hong Kong
Date of initial investment: 2017

LMR Partners is an investment firm based in London and Hong Kong. LMR was founded in 2009 and runs a global, liquid and trading strategy employing both systematic and discretionary sub-strategies. The investment approach deploys capital to a diverse selection of mostly market neutral investment strategies spanning a variety of asset classes, regions and horizons. LMR aims to broadly balance systematic and discretionary methods. The systematic approach involves the collaboration of a team using proprietary software, large data sets and the latest technology to predict asset returns and execute trades in the optimal way. The discretionary strategies are run by a number of different groups or PM’s working collaboratively or independently.

Website

Lunia Capital

Location:
Dallas, TX
Date of Initial investment: 2018

Lunia Capital manages an equity fund that launched in January of 2017.  The fund aims to generate consistent absolute returns with limited correlation to the overall stock market while preserving investor capital.  Our investment approach is a relative one, focused on identifying companies that are likely to outperform or underperform others that share similar drivers, and it centers on a deep fundamentals-based research process with an emphasis on companies that have recurring business models.  Our team is highly experienced, and many of us worked together before the launch of the firm.  Our CIO, Vikas Lunia, ran a similar strategy for 13 years at a large investment manager, where he was a partner and member of that firm’s investment committee, before founding Lunia Capital with his partners.

Man Group

Location: Global
Date of initial investment: 2017

Man Group is an active investment management firm focused on delivering performance and client solutions through its five investment management businesses: Man AHL; Man Numeric; Man GLG; Man FRM and Man Global Private Markets. Man Group’s investment management businesses provide long only, alternative and private markets products on a single and multi-manager basis, leveraging the firm’s robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.

The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange under the ticker EMG.L and is a constituent of the FTSE 250 Index.

Website

Melqart Asset Management

Location: London
Date of initial investment: 2017

Melqart Asset Management is a London-based Event Driven hedge fund manager. It runs the Melqart Opportunities Fund and aims to achieve positive risk adjusted returns through the cycle via a multi-asset class approach and a dynamic allocation across three main sub-strategies: merger arbitrage, special situations equity and sub-investment grade credit. Investing across the capital structure, the investment team employs a fundamental, bottom-up approach to portfolio construction and varies the allocation to each sub-strategy according to the economic environment.

Website

Nephila Capital Ltd

Location: Bermuda
Date of initial investment: 2011

Nephila Capital Ltd is an asset management firm dedicated to investing in natural catastrophe reinsurance through insurance-linked securities (“ILS”). Nephila has over 80 employees across four global offices located in Bermuda (headquarters), Nashville TN, San Francisco CA, and London. As of April 1 2015, the firm manages 7 multi-investor discretionary funds and several discretionary managed accounts with approximately $9.5 billion of assets under management across the platform. Nephila offers a broad range of ILS investment products, with various risk/return profiles, focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives.

Website

Ovata Capital

Location: Hong Kong
Date of initial investment: 2017

Ovata Capital Management is a Hong Kong based Equity Multi Strategy hedge fund manager established in 2017 focusing on Asian equity markets. Ovata dynamically allocates capital across complementary but uncorrelated strategies that are designed to generate consistent high risk adjusted absolute returns. The fund seeks to benefit from market and structural inefficiencies through short term relative value, event driven, liquidity and catalyst opportunities. The partners have a shared background of working together and a long history of Equity investment and business management experience.

Website

OxFORD Asset Management

Location: Oxford, United Kingdom
Date of initial investment: 2012

OxFORD Asset Management LLP is an investment firm based in Oxford, UK, advising a quantitative, process-driven multi-strategy fund. OxFORD uses a diverse range of equity investment strategies, with complementary futures-based strategies, to generate absolute returns for investors. The firm applies a systematic approach to forecast returns, control risk and execute trades across global markets. The equity component is beta neutral and the portfolio is highly diversified, with investment strategies operating continuously throughout the day. The majority of the firm’s investment professionals hold advanced degrees in mathematics or science from leading international universities.

Website

Pacific Alliance Group

Location: Hong Kong
Date of initial investment: 2012

PAG was founded in 2002 as Pacific Alliance Group, and is now one of Asia’s largest regionally-focused alternative investment managers with over US$11 billion in funds under management across private equity, real estate and absolute return strategies. PAG’s Absolute Return strategy focuses on distressed credit, special situations, arbitrage and origination strategies, concentrating on mispricings rather than directional exposure. PAG has over 300 people working in offices in Hong Kong, Shanghai, Beijing, Tokyo, Sydney and Singapore and has a presence in Seoul and Delhi.

Website

Perseverance Asset Management

Location: China and Singapore
Date of initial investment: 2019

Perseverance Asset Management specializes in investing into Greater China public equities market and operates in Shenzhen, Shanghai, Beijing and Singapore. The firm adopts a multi-manager structure and its seasoned portfolio management team shares an average of near 20 years investment experience, mostly in Chinese A share market. While each portfolio manager has distinctive investment style, they all follow a fundamental bottom-up research driven investment philosophy and practice. Perseverance Asset Management offers equity hedge funds and long-only products in both RMB and USD vehicles.

Website

PIMCO

Location: California, United States
Date of initial investment: 2007

PIMCO is a leading asset manager specializing in global investments solutions. The firm was founded in 1971 and has more than $1.94 trillion in assets under management as of March 31, 2014. PIMCO is headquartered in California and has operations around the globe. They manage assets for a wide range of clients, from personal investors to central banks and multinational corporations. PIMCO Canada was launched in 2004 and is headquartered in Toronto

Website

Pine River Capital Management

Location: Global
Date of initial investment: 2016

Pine River Capital Management LP is a global alternative asset management firm founded on the values of intellectual honesty, uncompromising improvement and pursuing common purpose with our clients and partners.

Pine River Capital Management LP was founded in 2002 and has grown through significant investment in portfolio management and operational infrastructure—investments aimed at securing long-term advantages for our clients. Today Pine River manages solutions for qualified investors spanning hedge funds, separate accounts, and listed investment vehicles.

Originally based in the North Woods outpost of Pine River, Minnesota, our firm now employs a talented and committed team at offices in the US, UK and China.  

Pine River is 100% employee owned by partners who hold senior positions throughout the organization. As owners, senior investment professionals have a stake in the long-term performance of the entire firm, not just their respective areas of focus. At the same time, the company remains free of influence from external stakeholders whose short-term goals might not be complementary with the long-term needs of our clients and our firm. This structure is a powerful way to retain top talent, and strongly aligns the interests of Pine River with the interests of our investors.

Website

RenaissanceRe

Location:  Global
Date of initial 
investment:  2017

RenaissanceRe (“RenRe”, NYSE: “RNR”) was incorporated in
Bermuda in 1993 and is one of the world’s largest and most successful property
catastrophe reinsurers.  In addition to
underwriting reinsurance on behalf of its shareholders, RenRe manages joint
ventures and structured products that enable investors to participate in a
largely un-correlated asset class focused on natural and man-made perils
through several joint ventures and funds. Their managed vehicles include
DaVinci Reinsurance Ltd (“DaVinci”), Top Layer Reinsurance Ltd, the
RenaissanceRe Upsilon Fund Ltd (“Upsilon”) and the Medici Fund (“Medici”).

Website

Rokos Capital

Location: London, United Kingdom
Date of initial investment: 2015

Rokos Capital Management LLP (“Rokos Capital”) is a London-based, discretionary global macro manager founded in 2015.  The firm primarily pursues a combination of macro (economic change and monetary policy) and relative value (market inefficiencies) strategies across developed and more liquid emerging markets.  The investment team is most active in fixed income, foreign exchange, and equity indices with a strong emphasis on derivatives, options, and trade structuring.  As at January 2016, Rokos Capital managed over $3 billion of assets.

Samlyn Capital

Location: New York, United States
Date of initial investment: 2013

The core investment philosophy of Samlyn Capital is to be value-oriented and rely on bottom-up, fundamental research. The investment objective of Samlyn Capital is to generate superior risk-adjusted returns on a sustainable basis while preserving capital. The strategy is global equity long/short. The portfolio is diversified and very liquid. Typically, there are approximately 200 positions (100 longs and 100 shorts) and 90% of the portfolio can be liquidated within ten business days or less (assuming no more than 20% of the average daily trading volume for the prior 20 days). The gross exposure will typically be 150% to 250% of equity. The net exposure has historically ranged between 20% and 40% of equity.

Website

Sensato Investors LLC

Location: San Francisco, United States
Date of initial investment: 2012

Sensato Investors LLC is registered with the SEC as an investment advisor and the CFTC as a commodity pool operator. We specialize in Asia Pacific equity long/short strategies that are fundamental in orientation with systematic implementation. Our founders have combined 25+ years of experience at leading investment firms, and have successfully managed over $30bn in market neutral, 130/30 and long-only strategies. Sensato Investors’ investment process starts with a comprehensive and forward looking analysis of company valuation, fundamentals and sentiment to identify investment opportunities. Our proprietary risk model integrates alpha and risk perspectives to minimize drawdowns and capture consistent returns.

Website

Squadra

Location: Rio de Janeiro, Brazil
Date of initial investment: 2013

Squadra is a Rio de Janeiro based investment management company. Founded in 2007, the firm dedicates its activity to a bottom-up investment process focused on the Brazilian equity market.
As of April 2015, the firm managed two strategies – Squadra Long Only and Squadra Long Biased – which had a combined AUM in excess of 3.8 billion Reais.

Website

Soroban Capital Partners LLC

Location: New York, United States
Date of initial investment: 2013

Soroban Capital Partners LLC (“Soroban”) is $8.5 billion+ investment firm based in New York which began investing in 2010. Soroban focuses on deep fundamental research to generate multi-year points of view on sectors and companies that support making concentrated global long/short equity investments. The firm’s founding partners have worked together for nearly a decade and the firm’s partners and employees are the largest single investor in the fund. The firm has 24 total employees including a small focused investment team of 10 individuals.

Springs Capital

Location: Beijing, China
Date of initial investment: 2013

Founded in 2007, Springs Capital is an alternative investment manager that specializes in Chinese listed companies with offices in Beijing, Hong Kong and Shenzhen. The firm’s investment style is contrarian bottom-up stock picking based on rigorous research in out-of-favor sectors. The firm typically runs a concentrated portfolio featuring high conviction names. Springs Capital offers both RMB products and USD hedge fund to serve domestic Chinese clients and global investors.

Website

SPX Capital

Location: Rio de Janeiro, Brazil
Date of initial investment: 2014

SPX was founded in 2010 by a group of professionals with extensive experience in the asset management industry. The firm specializes in discretionary global macro and fundamental equity strategies. SPX seeks to deliver superior returns through deep fundamental macro research in an effort to identify structural shifts in economies occurring over the medium to long term. The firm is wholly owned by its partners and has offices in London, Washington D.C., Rio de Janeiro and São Paulo.

Website

Starboard Value

Location: New York, United States
Date of initial investment: 2014

Starboard Value LP is a New York-based investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Website

Stone Milliner

Location: Zug, Switzerland and London, United Kingdom
Date of initial investment: 2015

Founded in 2011, Stone Milliner Asset Management is an investment management firm led by Co-CIOs, Jen-Peter Stein and Kornelius Klobucar. The Firm focuses on discretionary, directional global macro investing, across all asset classes in both developed and emerging markets. The strategy has a strong focus on liquidity with investments predominantly in FX and fixed income to produce risk-adjusted returns. The Co-CIOs utilize a multi-manager approach where individual managers are responsible for implementing investment ideas which are then aggregated into a larger portfolio. The firm has offices in Zug, Switzerland and London, England.

Website

Symmetry Investments LP

Location: Hong Kong
Date of initial investment: 2014

Symmetry Investments was founded in July 2014, and is headquartered in Hong Kong with an office in London. The group seeks to integrate fixed-income relative value and diversified global macro trading into a single, largely market neutral, strategy. The strategy is broadly diversified by sub-strategy type, asset class, and geography, combined with aggressive and dynamic risk management.

As at 1 January 2015, Symmetry had approximately US$1.76 billion in assets under management.

Website

Tenaron Capital Management

Location: NY, United States
Date of initial investment: 2016

Tenaron Capital Management LP (“Tenaron”) is a registered investment adviser headquartered in New York, NY. Founded in 2015, the firm seeks to implement a combination of fixed income micro and macro relative value strategies, primarily in liquid government bond, futures and interest rate swap markets. Capital allocation among strategies is dynamic, based on the Co-CIO’s evaluation of the market environment and opportunity set.

Trexquant Investment LP

Location: US, China and India
Date of investment: March 2019

Trexquant Investment LP applies quantitative methods to systematically build optimized market-neutral portfolios in global equity markets. Trexquant’s strategies draw from an extensive library of trading signals and dynamically adjust allocations based on recent performance. Live production is driven by thousands of data variables that feed into the trading signals, and capital is allocated across thousands of positions in the United States, Europe, Japan, Australia, and Canada.

Website

Trustbridge Partners

Emplacement : Chine
Date du placement initial : 2015

Trustbridge Partners est un gestionnaire de placements en capitaux propres dont les bureaux sont situés à Hong Kong, à Shanghai et à Boston qui se concentre sur les occasions de croissance de grande qualité en Chine. Fondée en 2006, Trustbridge Partners effectue des placements dans des sociétés fermées ainsi que dans des sociétés cotées aux États-Unis et à l’étranger. Trustbridge Public Equity emploie principalement une approche fondamentale ascendante à long terme pour sélectionner des sociétés de grande qualité et générer des rendements à long terme pour ses investisseurs.

Two Sigma Investments

Location: New York, United States
Date of initial investment: 2010

Two Sigma Investments, LLC (together with its affiliates, including Two Sigma Advisers, LLC, “Two Sigma”) is a process-driven, systematic investment manager. Two Sigma leverages vast amounts of information, powerful technology and human skill, including deep financial markets expertise, to seek to generate robust alpha with controlled volatility and minimal liquidity risk. Two Sigma manages approximately $25.0 billion of assets across a range of absolute return, active extension and long-only strategies that invest in equities, commodities, fixed income, currencies and/or their derivatives. Founded in 2001 by co-chairmen John Overdeck and David Siegel, Two Sigma has a staff of more than 750 employees, nearly two-thirds of whom are involved with developmentmodeling and engineering. Two Sigma is headquartered in New York with additional offices in Houston, London and Hong Kong.

Website

Wellington Management

Location: Global
Date of initial investment: 2014

Tracing its history to 1928, Wellington Management is one of the largest independent investment management firms in the world. It is a private firm whose sole business is investment management, and serves as investment adviser for institutional clients in over 50 countries. Its most distinctive strength is its commitment to rigorous, proprietary research — the foundation upon which its investment approaches are built. Wellington’s commitment to investment excellence is evidenced by its significant presence and long-term track records in nearly all sectors of the global securities markets.

Website

Wolverine

Location: Chicago, United States
Date of initial investment: 2011

The Wolverine family of companies is a diversified group of affiliated financial services entities that primarily engage in asset management, derivatives trading, order routing and technology/software development. Wolverine was founded in 1994 and has since grown to employ over 300 people with headquarters located in Chicago and offices in San Francisco, New York and London. Wolverine makes significant investments in the technology and infrastructure required to trade derivative securities across a number of exchanges worldwide. Wolverine Asset Management combines this world-class execution technology with quantitative modeling, research, risk management and trading expertise to seek attractive risk-adjusted returns for its investors.

Website

ValueAct Capital

Location: San Francisco, United States
Date of initial investment: 2007

ValueAct Capital is a concentrated value-investment firm with offices in San Francisco, California. ValueAct Capital establishes substantial ownership positions in companies it believes to be fundamentally undervalued, and then works with company’s management and board of directors to implement business strategies that enhance shareholder value and create a return independent of the market. ValueAct Capital was established in 2000.

Website

Teams within Capital Markets

Our team is comprised of External Portfolio Management, Financing, Collateral & Trading, Macro Strategies, Quantitative Strategies & Risk Premia, Research and Innovation Group.

See all
Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.