(State or Other Jurisdiction
(Commission File Number)
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
August 1, 2016 (f)
September 1, 2016 (f)
(dollars in millions)
Hedge Funds (a) (b) (c)
Alternative Solutions (a) (g)
Ramius Trading Strategies
Real Estate (a) (e)
Healthcare Royalty Partners (d) (e)
The Company owns between 20% and 55% of the general partners, investment managers or managing members of the real estate business, the activist business and the global macro business (the single strategy hedge funds), the alternative solutions business and the equity long/short business. We do not possess unilateral control over any of the foregoing business. The Company owns 100% of the investment manager of the event-driven business.
Includes approximately $606 million of committed but undrawn capital that will only be charged fees when invested.
These amounts include the Company's invested capital of approximately $174.3 million and $173.1 million as of September 1, 2016, and August 1, 2016, respectively (including investments in both a registered investment company and an “Undertakings for Collective Investment Trust” (or UCITs fund), each of which pursues a hedge fund-style strategy).
These amounts include the Company's invested capital of approximately $18.3 million and $18.5 million as of September 1, 2016, and August 1, 2016, respectively.
This amount reflects committed capital.
Net performance is net of all management and incentive fees and includes the effect of any foreign exchange translation adjustments and leverage in certain funds.
On September 23, 2016 the Company completed the previously announced sale of its interest in the Alternative Solutions business, thereby reducing the Company’s estimated assets under management by approximately $2.5 billion.