Farallon Capital Management

Farallon Capital Management, L.L.C., is a global institutional asset management firm with a rich history and a diverse investment strategy. Founded in 1986 by Tom Steyer, Farallon has grown to manage equity capital for a wide range of clients, including institutions like college endowments, charitable foundations, pension plans, and high-net-worth individuals. The firm is headquartered in San Francisco, California, at One Maritime Plaza, and employs a team of over 160 professionals. Farallon's global presence is marked by its offices in key financial centers around the world, including London, Singapore, Hong Kong, Tokyo, and São Paulo. Farallon's investment approach is multi-strategy, focusing on various asset classes such as public and private debt and equity securities, direct investments in private companies, and real estate. The firm is known for its pioneering work in absolute return investing, which emphasizes potential returns as well as risk-adjusted returns. This approach allows Farallon to invest in value investments, credit investments, merger arbitrage, and real estate-related investments, both in developed and emerging markets. One of the notable aspects of Farallon's history is its early engagement with university endowments. The firm was one of the first hedge funds to raise money from a university endowment, setting a precedent that many other college endowments and pensions followed, investing in hedge funds. Farallon's investment strategy is not just limited to traditional markets. The firm also engages in event-driven international investing, where it identifies distressed international companies and assists in their restructuring. This strategy has led to significant investments in various countries, including a direct stake in an Argentine shoe company and control of Bank Central Asia, an Indonesian financial institution, during times of economic crisis in those regions. The brand Noonday was once associated with Farallon's operations in Europe and Asia. However, in 2013, Noonday Asset Management announced a name change to Farallon Capital, unifying the firm's global offices under a single name. This change reflected the evolution of the firm and how its organization is owned and operated today. Farallon Capital Management continues to be a significant player in the hedge fund industry, managing assets reportedly worth billions of dollars. Its commitment to research-oriented fundamental investing and its ability to adapt to various market conditions have contributed to its longstanding success in the competitive world of asset management.