Farallon Capital Management, L.L.C.

Farallon Capital Management, L.L.C. is an American hedge fund that is also one of the oldest of its kind after being set up in 1986. Farallon ranks 5th in the list of the best hedge funds based on AUM. Thomas Steyer, who established it, had worked at prestigious companies like Morgan Stanley and Goldman Sachs before launching his own hedge fund. The majority of the money that Farallon manages belongs to foundations, high-net-worth individuals, and university endowments.

Farallon claims to have pioneered absolute return investing, a model focusing on potential returns as well as risk-adjusted returns. Farallon makes direct investments in developed and emerging economies across a number of asset classes, including value investments, credit investments, merger arbitrage, real estate-related investments, and investments in real estate. As of June 2022, Farallon Capital Management, L.L.C. managed $37.4 billion in total assets. Since the fund's founding, it has also developed credit and real estate strategies, increased its focus on illiquid companies, an early iteration of the long/short strategy, and a negative screen for fossil fuels. In addition to other places, Farallon Capital Management, L.L.C. maintains offices in London, Hong Kong, Singapore, and Tokyo.

Year of establishment: 1986

Founders: Thomas Steyer

Headquarters: One Maritime Plaza, San Francisco, California, U.S.

Revenue: $30.0 million (2021)

AUM: $37.4 billion (2022)

Website: http://www.faralloncapital.com/