Pine River Capital Management L.P.

Pine River Capital Management is a hedge fund sponsor based out of Minnetonka, Minnesota. The company was founded in 2002 by Brian Curtis Taylor, who is currently the CEO of the company, and other partners. Pine River Capital Management has over 500 employees with 138 of them being investment professionals. The firm is owned completely by its employees and is currently headed by a committee of 18 partners. Pine River Capital Management was originally located in Pine River and relocated to its current headquarters in 2007. The company began international expansion a few years after it was established and currently has offices in Beijing, Shenzhen Hong Kong, London, Luxembourg, New York City, San Francisco, and Austin. Pine River Capital Management utilizes a relative value investment approach, focusing on location discrepancies between prices of financial instruments and markets. The company utilizes a convertible arbitrage strategy and invests in the public equity and fixed income markets on a global scale. Pine River Capital Management invests most heavily in the finance sector, which alone makes up over a third of its total asset allocations, and the firm also invests in the consumer discretionary, energy, information technology, health care, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation. Pine River Capital Management currently holds $106 billion in total assets under management spread across 51 accounts, all of which are discretionary. Both of its total number of accounts and total assets under management have been increasing in recent years, with its total number accounts growing over double of its 20 held accounts five years ago and its total managed assets growing significantly from $3 billion back in 2010 to well over 30 times that amount today. Pine River Capital Management mainly caters to pooled investment vehicles and also provides its services to investment companies and corporations.