47:
1683:
1673:
1663:
38:
1693:
1370:
269:, Yale's chief investment officer, later arranged with Tom Steyer that Farallon would initially manage an allocation of the Yale endowment for no fee. After Yale's investment proved to be lucrative, many other college endowments and pensions began to invest in hedge funds.
858:
307:
Farallon also practices "event driven" international investing, finding distressed international companies and helping the businesses restructure. In 1999, Farallon bought a direct stake in an
1732:
1752:
1666:
394:
Andrew J.M. Spokes acts as the firm's
Managing Partner. Spokes was promoted to the position in 2012 when Steyer separated from the firm. Prior to his promotion, Spokes oversaw
1747:
755:
1727:
655:
600:
485:
1643:
1717:
1547:
312:
401:
Today, Farallon has 21 principals, 13 managing directors, and 35 investment professionals who oversee the firm's day-to-day operations and management.
1722:
265:, approached the university's endowment to allocate funds for Farallon to manage. The Yale endowment declined based on the fees charged by Farallon.
1737:
1030:
1005:
398:
and strategy for
Farallon exclusive subadviser Noonday Global Management. Spokes opened Farallon's first international office in London in 1998.
326:
financial institution, for $ 531 million. At the time, many of
Indonesia's banks were on the verge of collapse because of bad loans made during
786:
1247:
1189:
982:
526:
1085:
356:
In 2007, Farallon in partnership with Simon
Property Group and other hedge funds purchased Mills Corp, a real estate investment trust.
834:
348:
exposure. In addition, the firm said it would disclose more information to clients to "foster a more open culture at the hedge fund."
304:
According to
Institutional Investor's Alpha, Steyer considers "himself as a research-oriented fundamental investor, not a trader."
375:
In 2006, it was reported that
Farallon Capital was the largest hedge fund in the world in 2005. Steyer named the firm after the
1135:
763:
1686:
1521:
608:
222:
in
January 1986 with $ 15 million in seed capital. Before starting Farallon, Steyer had worked for San Francisco-based
1509:
730:
944:
1220:
1110:
493:
1648:
1592:
1311:
1182:
334:
330:
term and the country was seen as dangerous for foreign investment. Farallon sold its stake for a profit in 2006.
207:
196:
116:
1485:
1355:
281:
investing, a model focusing on potential returns as well as risk adjusted returns. Farallon invests in various
247:
1495:
859:"Today's fund is a pioneer in the hedge fund sector, Uniform Accounting shows the fund hasn't lost its touch"
1490:
1454:
1315:
150:
974:
Wave Theory for
Alternative Investments: Riding the Wave with Hedge Funds, Commodities, and Venture Capital
1597:
1394:
1267:
1243:
1622:
1280:
1252:
1233:
395:
886:
705:
227:
1742:
1676:
1527:
1439:
1275:
1257:
1175:
258:
155:
1158:
1696:
1582:
1409:
1384:
968:
685:
63:
1607:
1552:
1464:
112:
52:
333:
In the year before
Farallon's investment in Indonesia, $ 286 million flowed into the country as
203:
in 1986, the firm employs approximately 230 professionals in eight countries around the world.
1330:
1306:
1290:
1228:
978:
972:
919:
522:
319:
1499:
1434:
549:
516:
376:
364:
345:
298:
290:
46:
17:
1638:
1542:
1532:
1513:
1480:
1404:
1399:
1335:
1320:
810:
363:, with a stake of more than 6 percent. Farallon is also one of the top-10 shareholders in
337:. After Farallon exited, that number grew to $ 1 billion in 2007 and $ 4 billion in 2008.
286:
278:
1055:
1537:
1517:
1285:
1238:
1162:
554:. No. Homepage. United States: Farallon Capital. Farallon Capital. 13 October 2022
447:
341:
243:
231:
223:
37:
1711:
1612:
1587:
1577:
1503:
1351:
787:"M&A Plays the Trump card: making event driven hedge fund investing great again?"
410:
380:
266:
239:
122:
911:
1617:
1572:
1459:
1444:
1325:
301:. As of 2005, Farallon reportedly holds positions anywhere from two to five years.
235:
414:
1449:
1389:
1369:
294:
282:
311:
shoe company, which helped stabilize profitability as
Argentina recovered from
206:
Farallon primarily manages capital for university endowments, foundations, and
1198:
731:"Hedge fund VIP Thomas Steyer of Farallon hates to lose money - Sep. 22, 2008"
452:
442:
254:
219:
200:
192:
101:
73:
923:
1602:
1215:
430:
422:
359:
The fund is one of the largest shareholders in Japanese electronics company
323:
308:
630:
550:
1006:"Major Toshiba shareholder Farallon calls on it to solicit buy-out offers"
383:
360:
327:
887:"CNN.com - 'Masters of the universe' behind BCA sale - March 20, 2002"
426:
340:
In March 2010, Farallon announced plans to refocus its investing on
656:"Tom Steyer Made $ 3 Billion in Markets, Now Wants Crack at Trump"
418:
297:
related investments, and direct investments in both developed and
580:
179:
262:
1171:
1167:
1109:
Lattman, Michael J. de la Merced and Peter (22 October 2012).
1031:"Farallon Capital Opposes Terms of Merck's Acceleron Takeover"
518:
Getting a job in hedge funds: an inside look at how funds hire
479:
477:
475:
473:
471:
469:
467:
210:. The company manages assets reportedly worth $ 39 billion.
261:. In 1987, Steyer, who received his bachelor's degree from
1086:"Farallon's Steyer to Step Down as Spokes Named Manager"
1136:"Farallon Names Spokes Co-Managing Partner with Steyer"
1056:"Goldman Sachs Leads Hedge Fund Management Rankings"
1631:
1565:
1473:
1427:
1418:
1377:
1344:
1299:
1266:
1214:
1205:
1111:"Farallon Capital's Founder to Step Down This Year"
912:"Farallon Sells Its Entire Stake in Indonesia Bank"
756:"Farallon Discloses Takeover Talks With Accredited"
174:
164:
149:
139:
129:
107:
97:
79:
69:
59:
594:
592:
590:
575:
573:
571:
569:
1733:Financial services companies established in 1986
1183:
631:"FARALLON CAPITAL MANAGEMENT, L.L.C. Website"
8:
1753:Privately held companies based in California
30:
1667:Alternative investment management companies
1644:Standards Board for Alternative Investments
977:. McGraw-Hill Professional. pp. 365–.
515:Adam Zoia; Aaron Finkel (28 January 2008).
1692:
1548:Taxation of private equity and hedge funds
1424:
1211:
1190:
1176:
1168:
29:
1748:Investment companies of the United States
835:"Andrew Spokes, the New Face of Farallon"
679:
677:
675:
706:"For Yale's Money Man, a Higher Calling"
463:
1728:American companies established in 1986
945:"Farallon Plans Shake-Up, Report Says"
1248:fixed-income relative-value investing
880:
878:
729:Lashinsky, Adam (22 September 2008).
599:Lashinsky, Adam (17 September 2008).
145:Andrew J.M. Spokes (Managing Partner)
7:
699:
697:
521:. John Wiley and Sons. pp. 2–.
318:In 2002, Farallon bought control of
704:Fabrikant, Geraldine (2007-02-18).
189:Farallon Capital Management, L.L.C.
27:American investment management firm
484:Adamson, Loch (23 February 2005).
277:Farallon claims to have pioneered
25:
1718:1986 establishments in California
344:and credit wagers and lessen its
1723:Companies based in San Francisco
1691:
1682:
1681:
1672:
1671:
1662:
1661:
1368:
885:McMillan, Alex (20 March 2002).
754:Keoun, Bradley (21 March 2007).
654:Robinson, Edward (9 July 2019).
45:
36:
1738:Hedge fund firms in California
601:"California's hedge fund king"
253:Farallon was one of the first
191:is an American multi-strategy
1:
1084:Kishan, Saijel (2012-10-22).
943:Sorkin, Andrew (2010-03-12).
409:Farallon operates offices in
1522:security characteristic line
1510:Capital asset pricing model
1229:Capital structure arbitrage
684:Mallaby, Sebastian (2010).
85:; 38 years ago
31:Farallon Capital Management
18:Farallon Capital Management
1769:
1312:Commodity trading advisors
1159:Farallon Capital companies
208:high-net-worth individuals
160:(as of September 30, 2022)
1657:
1649:Managed Funds Association
1593:High-net-worth individual
1366:
335:foreign direct investment
197:San Francisco, California
117:San Francisco, California
44:
35:
1486:Arbitrage pricing theory
811:"Asset Manager Profiles"
248:mergers and acquisitions
218:Farallon was founded by
1598:Institutional investors
1491:Assets under management
1316:managed futures account
635:www.faralloncapital.com
1623:Sovereign wealth funds
1395:High-frequency trading
1244:Fixed income arbitrage
910:Or, Amy (2009-06-29).
839:Institutional Investor
490:Institutional Investor
289:, credit investments,
257:to raise money from a
228:Hellman & Friedman
1465:Structured securities
1281:Distressed securities
1253:Statistical arbitrage
1239:Equity market neutral
1234:Convertible arbitrage
379:off the coast of the
1583:Financial endowments
1528:Fundamental analysis
1276:Shareholder activism
1258:Volatility arbitrage
396:portfolio management
259:university endowment
1697:List of hedge funds
1687:Hedge fund managers
1603:Insurance companies
1588:Fund of hedge funds
1496:Black–Scholes model
1410:Proprietary trading
1385:Algorithmic trading
1352:Fund of hedge funds
969:Stephen Todd Walker
916:Wall Street Journal
687:More Money Than God
551:"Farallon Homepage"
496:on 3 September 2012
328:President Suharto's
273:Investment strategy
180:faralloncapital.com
166:Number of employees
64:Limited partnership
32:
1553:Technical analysis
1134:Strasburg, Jenny.
1115:The New York Times
1063:Wall Street Letter
971:(7 January 2011).
949:The New York Times
785:Saltwell, Hollie.
766:on 6 November 2012
710:The New York Times
611:on 31 January 2011
581:"Farallon Website"
352:Investment history
313:an economic crisis
113:One Maritime Plaza
53:One Maritime Plaza
1705:
1704:
1561:
1560:
1364:
1363:
1331:Long/short equity
1307:Convergence trade
1291:Special situation
984:978-0-07-174286-3
528:978-0-470-22648-3
320:Bank Central Asia
287:value investments
195:headquartered in
186:
185:
83:January 1986
16:(Redirected from
1760:
1695:
1694:
1685:
1684:
1675:
1674:
1665:
1664:
1608:Investment banks
1455:Foreign exchange
1425:
1372:
1212:
1192:
1185:
1178:
1169:
1147:
1146:
1144:
1143:
1131:
1125:
1124:
1122:
1121:
1106:
1100:
1099:
1097:
1096:
1081:
1075:
1074:
1072:
1070:
1060:
1052:
1046:
1045:
1043:
1042:
1027:
1021:
1020:
1018:
1017:
1002:
996:
995:
993:
991:
965:
959:
958:
956:
955:
940:
934:
933:
931:
930:
907:
901:
900:
898:
897:
882:
873:
872:
870:
869:
855:
849:
848:
846:
845:
831:
825:
824:
822:
821:
807:
801:
800:
798:
797:
782:
776:
775:
773:
771:
762:. Archived from
751:
745:
744:
742:
741:
726:
720:
719:
717:
716:
701:
692:
691:
690:. Penguin Press.
681:
670:
669:
667:
666:
651:
645:
644:
642:
641:
627:
621:
620:
618:
616:
607:. Archived from
596:
585:
584:
577:
564:
563:
561:
559:
553:
546:
540:
539:
537:
535:
512:
506:
505:
503:
501:
492:. Archived from
481:
377:Farallon Islands
365:Acceleron Pharma
299:emerging markets
291:merger arbitrage
244:Morgan Stanley's
182:
93:
91:
86:
51:Headquarters at
49:
40:
33:
21:
1768:
1767:
1763:
1762:
1761:
1759:
1758:
1757:
1708:
1707:
1706:
1701:
1653:
1639:Fund governance
1627:
1557:
1481:Absolute return
1469:
1420:
1414:
1405:Program trading
1400:Prime brokerage
1373:
1360:
1340:
1336:Trend following
1321:Dedicated short
1295:
1262:
1219:
1207:
1201:
1196:
1155:
1150:
1141:
1139:
1133:
1132:
1128:
1119:
1117:
1108:
1107:
1103:
1094:
1092:
1083:
1082:
1078:
1068:
1066:
1058:
1054:
1053:
1049:
1040:
1038:
1029:
1028:
1024:
1015:
1013:
1004:
1003:
999:
989:
987:
985:
967:
966:
962:
953:
951:
942:
941:
937:
928:
926:
909:
908:
904:
895:
893:
884:
883:
876:
867:
865:
863:Valens Research
857:
856:
852:
843:
841:
833:
832:
828:
819:
817:
809:
808:
804:
795:
793:
784:
783:
779:
769:
767:
753:
752:
748:
739:
737:
728:
727:
723:
714:
712:
703:
702:
695:
683:
682:
673:
664:
662:
653:
652:
648:
639:
637:
629:
628:
624:
614:
612:
598:
597:
588:
579:
578:
567:
557:
555:
548:
547:
543:
533:
531:
529:
514:
513:
509:
499:
497:
483:
482:
465:
461:
439:
407:
392:
373:
354:
279:absolute return
275:
216:
178:
167:
159:
158:39 billion
142:
132:
125:
119:
115:
89:
87:
84:
55:
28:
23:
22:
15:
12:
11:
5:
1766:
1764:
1756:
1755:
1750:
1745:
1740:
1735:
1730:
1725:
1720:
1710:
1709:
1703:
1702:
1700:
1699:
1689:
1679:
1669:
1658:
1655:
1654:
1652:
1651:
1646:
1641:
1635:
1633:
1629:
1628:
1626:
1625:
1620:
1615:
1613:Merchant banks
1610:
1605:
1600:
1595:
1590:
1585:
1580:
1578:Family offices
1575:
1569:
1567:
1563:
1562:
1559:
1558:
1556:
1555:
1550:
1545:
1540:
1538:Securitization
1535:
1530:
1525:
1507:
1493:
1488:
1483:
1477:
1475:
1471:
1470:
1468:
1467:
1462:
1457:
1452:
1447:
1442:
1437:
1431:
1429:
1422:
1416:
1415:
1413:
1412:
1407:
1402:
1397:
1392:
1387:
1381:
1379:
1375:
1374:
1367:
1365:
1362:
1361:
1359:
1358:
1348:
1346:
1342:
1341:
1339:
1338:
1333:
1328:
1323:
1318:
1309:
1303:
1301:
1297:
1296:
1294:
1293:
1288:
1286:Risk arbitrage
1283:
1278:
1272:
1270:
1264:
1263:
1261:
1260:
1255:
1250:
1241:
1236:
1231:
1225:
1223:
1221:relative value
1209:
1203:
1202:
1197:
1195:
1194:
1187:
1180:
1172:
1166:
1165:
1163:OpenCorporates
1154:
1153:External links
1151:
1149:
1148:
1126:
1101:
1076:
1065:. 26 June 2006
1047:
1022:
997:
983:
960:
935:
902:
874:
850:
826:
802:
777:
746:
721:
693:
671:
646:
622:
586:
565:
541:
527:
507:
486:"Steyer Power"
462:
460:
457:
456:
455:
450:
448:Risk arbitrage
445:
438:
435:
406:
403:
391:
388:
372:
369:
353:
350:
342:risk arbitrage
274:
271:
232:risk arbitrage
224:private equity
215:
212:
184:
183:
176:
172:
171:
168:
165:
162:
161:
153:
147:
146:
143:
140:
137:
136:
133:
130:
127:
126:
121:
111:
109:
105:
104:
99:
95:
94:
81:
77:
76:
71:
67:
66:
61:
57:
56:
50:
42:
41:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1765:
1754:
1751:
1749:
1746:
1744:
1741:
1739:
1736:
1734:
1731:
1729:
1726:
1724:
1721:
1719:
1716:
1715:
1713:
1698:
1690:
1688:
1680:
1678:
1670:
1668:
1660:
1659:
1656:
1650:
1647:
1645:
1642:
1640:
1637:
1636:
1634:
1630:
1624:
1621:
1619:
1618:Pension funds
1616:
1614:
1611:
1609:
1606:
1604:
1601:
1599:
1596:
1594:
1591:
1589:
1586:
1584:
1581:
1579:
1576:
1574:
1573:Vulture funds
1571:
1570:
1568:
1564:
1554:
1551:
1549:
1546:
1544:
1541:
1539:
1536:
1534:
1531:
1529:
1526:
1523:
1519:
1515:
1511:
1508:
1505:
1504:delta neutral
1501:
1497:
1494:
1492:
1489:
1487:
1484:
1482:
1479:
1478:
1476:
1472:
1466:
1463:
1461:
1460:Money markets
1458:
1456:
1453:
1451:
1448:
1446:
1443:
1441:
1438:
1436:
1433:
1432:
1430:
1426:
1423:
1417:
1411:
1408:
1406:
1403:
1401:
1398:
1396:
1393:
1391:
1388:
1386:
1383:
1382:
1380:
1376:
1371:
1357:
1356:Multi-manager
1353:
1350:
1349:
1347:
1343:
1337:
1334:
1332:
1329:
1327:
1324:
1322:
1319:
1317:
1313:
1310:
1308:
1305:
1304:
1302:
1298:
1292:
1289:
1287:
1284:
1282:
1279:
1277:
1274:
1273:
1271:
1269:
1265:
1259:
1256:
1254:
1251:
1249:
1245:
1242:
1240:
1237:
1235:
1232:
1230:
1227:
1226:
1224:
1222:
1217:
1213:
1210:
1204:
1200:
1193:
1188:
1186:
1181:
1179:
1174:
1173:
1170:
1164:
1160:
1157:
1156:
1152:
1137:
1130:
1127:
1116:
1112:
1105:
1102:
1091:
1087:
1080:
1077:
1064:
1057:
1051:
1048:
1036:
1035:Bloomberg.com
1032:
1026:
1023:
1011:
1007:
1001:
998:
986:
980:
976:
975:
970:
964:
961:
950:
946:
939:
936:
925:
921:
917:
913:
906:
903:
892:
888:
881:
879:
875:
864:
860:
854:
851:
840:
836:
830:
827:
816:
812:
806:
803:
792:
788:
781:
778:
765:
761:
757:
750:
747:
736:
732:
725:
722:
711:
707:
700:
698:
694:
689:
688:
680:
678:
676:
672:
661:
657:
650:
647:
636:
632:
626:
623:
610:
606:
602:
595:
593:
591:
587:
582:
576:
574:
572:
570:
566:
552:
545:
542:
530:
524:
520:
519:
511:
508:
495:
491:
487:
480:
478:
476:
474:
472:
470:
468:
464:
458:
454:
451:
449:
446:
444:
441:
440:
436:
434:
432:
428:
424:
420:
416:
412:
411:San Francisco
404:
402:
399:
397:
389:
387:
385:
382:
381:San Francisco
378:
370:
368:
366:
362:
357:
351:
349:
347:
343:
338:
336:
331:
329:
325:
321:
316:
314:
310:
305:
302:
300:
296:
292:
288:
284:
283:asset classes
280:
272:
270:
268:
267:David Swensen
264:
260:
256:
251:
249:
245:
241:
240:Goldman Sachs
237:
234:trader under
233:
229:
225:
221:
213:
211:
209:
204:
202:
199:. Founded by
198:
194:
190:
181:
177:
173:
169:
163:
157:
154:
152:
148:
144:
138:
134:
128:
124:
118:
114:
110:
106:
103:
100:
96:
82:
78:
75:
72:
68:
65:
62:
58:
54:
48:
43:
39:
34:
19:
1450:Fixed income
1326:Global macro
1268:Event-driven
1140:. Retrieved
1129:
1118:. Retrieved
1114:
1113:. DealBook.
1104:
1093:. Retrieved
1089:
1079:
1067:. Retrieved
1062:
1050:
1039:. Retrieved
1037:. 2021-11-02
1034:
1025:
1014:. Retrieved
1012:. 2022-03-11
1009:
1000:
988:. Retrieved
973:
963:
952:. Retrieved
948:
938:
927:. Retrieved
915:
905:
894:. Retrieved
890:
866:. Retrieved
862:
853:
842:. Retrieved
838:
829:
818:. Retrieved
815:studylib.net
814:
805:
794:. Retrieved
790:
780:
768:. Retrieved
764:the original
759:
749:
738:. Retrieved
734:
724:
713:. Retrieved
709:
686:
663:. Retrieved
659:
649:
638:. Retrieved
634:
625:
613:. Retrieved
609:the original
604:
556:. Retrieved
544:
532:. Retrieved
517:
510:
498:. Retrieved
494:the original
489:
408:
400:
393:
374:
358:
355:
339:
332:
317:
306:
303:
276:
252:
250:department.
236:Robert Rubin
217:
205:
188:
187:
108:Headquarters
60:Company type
1743:Hedge funds
1677:Hedge funds
1440:Derivatives
1435:Commodities
1390:Day trading
1300:Directional
1199:Hedge funds
1161:grouped at
1138:. Bloomberg
295:real estate
255:hedge funds
170:230+ (2021)
131:Area served
1712:Categories
1632:Governance
1206:Investment
1142:2010-07-26
1120:2018-11-16
1095:2018-11-15
1041:2022-05-06
1016:2022-05-06
954:2010-07-26
929:2020-08-21
896:2020-08-21
868:2021-06-06
844:2021-06-06
820:2021-06-06
796:2021-06-06
740:2020-08-21
715:2010-07-26
665:2020-08-21
640:2022-10-13
558:13 October
459:References
453:Tom Steyer
443:Hedge fund
324:Indonesian
322:(BCA), an
285:including
246:corporate
220:Tom Steyer
201:Tom Steyer
193:hedge fund
141:Key people
102:Tom Steyer
74:Hedge fund
1566:Investors
1216:Arbitrage
1090:Bloomberg
924:0099-9660
760:Bloomberg
660:Bloomberg
500:19 August
431:Hong Kong
423:Singapore
415:São Paulo
390:Structure
309:Argentine
242:, and in
135:Worldwide
1208:strategy
1069:6 August
990:2 August
437:See also
384:Bay Area
70:Industry
1428:Markets
1419:Related
1378:Trading
1010:Reuters
770:31 July
615:23 July
605:Fortune
534:31 July
405:Offices
371:Company
361:Toshiba
230:, as a
214:History
175:Website
98:Founder
90:1986-01
88: (
80:Founded
1500:Greeks
1445:Equity
981:
922:
525:
427:London
346:equity
1543:Short
1533:Hedge
1514:alpha
1421:terms
1345:Other
1059:(PDF)
791:Aurum
419:Tokyo
226:firm
1518:beta
1474:Misc
1071:2011
992:2011
979:ISBN
920:ISSN
772:2011
617:2010
560:2022
536:2011
523:ISBN
502:2010
263:Yale
156:US$
123:U.S.
891:CNN
735:CNN
238:at
151:AUM
1714::
1520:/
1516:/
1502::
1354:/
1314:/
1246:/
1088:.
1061:.
1033:.
1008:.
947:.
918:.
914:.
889:.
877:^
861:.
837:.
813:.
789:.
758:.
733:.
708:.
696:^
674:^
658:.
633:.
603:.
589:^
568:^
488:.
466:^
433:.
429:,
425:,
421:,
417:,
413:,
386:.
367:.
315:.
293:,
120:,
1524:)
1512:(
1506:)
1498:(
1218:/
1191:e
1184:t
1177:v
1145:.
1123:.
1098:.
1073:.
1044:.
1019:.
994:.
957:.
932:.
899:.
871:.
847:.
823:.
799:.
774:.
743:.
718:.
668:.
643:.
619:.
583:.
562:.
538:.
504:.
92:)
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
