(State or Other Jurisdiction
(Commission File Number)
May 1, 2017 (f)
June 1, 2017 (f)
(dollars in millions)
Hedge Funds (a) (b) (c)
Real Estate (a)(e)
Healthcare Royalty Partners (d) (e)
Structured Finance (g)
Healthcare Venture Capital (h)
The Company owns between 20% and 55% of the general partners, investment managers or managing members of the real estate business, the activist business, the global macro 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 $572 million of committed but undrawn capital that will only be charged fees when invested.
These amounts include the Company's invested capital of approximately $181.9 million and $179.7 million as of June 1, 2017, and May 1, 2017, respectively (including interests 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 $10.1 million and $10.4 million as of June 1, 2017, and May 1, 2017, respectively.
This amount includes unfunded committed capital commitments.
Net performance is realized and unrealized profit (loss), net of all management and incentive fees, and includes the effect of any foreign exchange translation adjustments and leverage in certain funds.
The Company began managing the assets of a collateralized debt obligation (CDO) on May 4, 2017. This amount reflects the outstanding face amount of the assets such CDO. The Company owns 100% of the investment manager of the structured finance business.
The Company began managing a healthcare venture capital fund in September 2015. This amount includes unfunded capital commitments, as well as the Company’s investment of $14.1 million as of June 1, 2017. The Company owns 100% of the investment manager of the healthcare venture capital business.
Includes the assets of separate accounts managed by the Company for non-institutional clients that had been managed prior to June 1, 2017 but had not previously been included in the Company’s calculation of its assets under management.