Learn About Pine River Capital Management LP and Its Services

Pine River Capital Management LP is a well-established investment firm that offers a range of services to its clients. They are a global investment manager with a long history of delivering strong returns to their investors.

Their investment approach is based on a combination of fundamental and quantitative research, which allows them to identify undervalued opportunities in the market. This approach has been successful in generating consistent returns for their clients.

Pine River Capital Management LP is known for its commitment to providing exceptional service to its clients, with a focus on building long-term relationships. Their experienced team of investment professionals works closely with clients to understand their unique needs and goals.

Pine River Capital Management is a company with a notable history. Brian Taylor founded it in 2002.

Brian Taylor is the CEO and chief investment officer, and he's also the majority owner through Pine River Holdings, L.P. This structure suggests a high level of control and decision-making authority within the company.

The company has a relatively small team of advisors, with 24 advisors among its 172 employees.

Pine River Capital Management was founded by Brian Taylor in 2002 with an initial investment of $5.3 million.

The firm was initially located in Pine River, Minnesota, before moving to Minneapolis in 2003 and then to Minnetonka in 2007.

Pine River's various portfolio management teams take a relative value approach to investing, seeking to identify dislocations between prices of related financial instruments and markets.

In January 2006, Pine River Capital Management L.P. became registered as an investment advisor with the US Securities and Futures Commission.

Pine River Capital Management (UK) Limited became authorized by the British Financial Services Authority to manage investments in the UK in January 2004.

Here are some key dates in Pine River's history:

Pine River's assets declined from $15 billion to $7 billion between 2015 and 2018.

Pine River Capital Management was founded in 2002 by Brian Taylor, who remains the CEO and chief investment officer to this day.

Brian Taylor is also the majority owner of the company through Pine River Holdings, L.P.

The firm's ownership structure is unique, with all partners working for the company.

Pine River Capital has experienced a decline in size in recent years, with a current employee count of 172.

Among its employees, the firm has 24 advisors.

Pine River Capital Management has a clear leadership structure, with Brian Taylor serving as the CEO. He's the one in charge of making key decisions and guiding the company's direction.

Brian Taylor is the CEO of Pine River Capital Management.

Pine River Capital Management uses a variety of strategies, including relative value, mortgage-backed securities, and convertible securities arbitrage.

The firm frequently takes long positions in securities it thinks are undervalued and short positions in securities it thinks are overvalued. It also employs directional trading, tail hedge strategy, and capital structure arbitrage.

Pine River Capital Management does not follow a set asset allocation model, which means its portfolios may be concentrated in certain types of securities or issuers.

The firm has a range of funds, including the Pine River Multi-Strategy Master Fund Ltd, which had $4.657.9 billion in assets under management as of 2023-03-31. It also manages the Pine River Relative Value Rates Master Fund Ltd, which had $698.0 million in assets under management as of 2020-03-26.

Here are some of the firm's notable funds:

Pine River Capital Management has a team of 33 employees, with 45% of them being investors and 0% being brokers. The firm's address is 601 Carlson Parkway, Minnetonka, MN 55305, and its phone number is 612-238-3300.

Pine River Capital Management LP has a total of $9.7 billion in assets under management (AUM) as of 2024-03-29.

The company has a total of 13 clients, with the majority being pooled investment vehicles. These clients account for the entire $9.7 billion in AUM.

Pine River Capital Management LP is registered with the SEC under the number 801-65336 and has a CRD number of 133720. The company is also listed on the website IAPD and can be found on social media platforms such as Twitter, LinkedIn, and Facebook.

The company's employees are primarily investors, with 45% of the staff holding this role. This is a notable characteristic of the company's structure.

Here is a list of some of the funds managed by Pine River Capital Management LP:

Pine River Capital Management LP's AUM breakdown by client type shows that the majority of the funds are managed for pooled investment vehicles, which account for $9.7 billion in AUM.

Pine River Capital Management takes a flexible approach to investing, using various strategies to identify undervalued securities and short overvalued ones. They don't follow a set asset allocation model, which means their portfolios can be concentrated in specific types of securities or issuers.

The firm frequently employs relative value strategies, which involve taking long positions in undervalued securities and short positions in overvalued ones. This approach allows them to capitalize on perceived mispricings in the market.

Some of the specific strategies Pine River Capital may use include:

These strategies can help the firm navigate different market conditions and capitalize on opportunities as they arise.

Pine River Capital Management L.P. is a global alternative asset management firm that's been around since its founding, which just so happens to be named after the Minnesota town it originally called home.

The firm has had a pretty interesting journey, moving from its original location in Minnesota to Minnetonka and then opening offices in New York and London. This expansion has allowed it to pursue relative value trading on a global scale.

Pine River Capital Management is perhaps best known for cashing in on the rebound in government-backed mortgages after the financial crisis of 2008, delivering 90% returns in 2009. That's a pretty impressive feat, if I do say so myself.

However, the firm's performance hasn't been as stellar in recent years, and clients have defected, so much so that the firm had to close its flagship hedge fund in 2017. Today, the advisory manages $6.1 billion in assets, a significant drop from its 2015 peak of roughly $15 billion.

Pine River Capital Management offers its services to private funds, providing them with investment management expertise.

They also offer their investment services to publicly listed REITs, specifically Granite Point Mortgage Trust Inc. and Two Harbors Investment Corp.

Through a wholly owned subsidiary, PRCM Advisers LLC, they even offer investment services to Two Harbors Investment Corp.

Fees Under Pine River Capital Management can be complex, but let's break it down. Pine River Capital bases its management fees on a percentage of assets under management (AUM), which generally ranges from 0.5% to 1.75% per year.

Pine River Capital also collects a performance-based fee that can range from 15% to 20% of realized and unrealized gains and losses. This fee is typically paid on top of the annual management fee.

The firm has some flexibility when it comes to negotiating fees, so it's possible that the actual fees you'll pay may be different from the standard ranges.

Pine River Capital Management offers investment management services to private funds.

They also provide investment services to two publicly listed REITs, Granite Point Mortgage Trust Inc. and Two Harbors Investment Corp.

One of these REITs, Two Harbors Investment Corp, receives investment services through a wholly owned subsidiary called PRCM Advisers LLC.

Pine River Capital requires a minimum account size of $1 million to $5 million per fund, although the firm may accept a lower amount at its discretion.

Their minimum requirements vary by private fund, with each fund's offering documents outlining the specific minimum investment amount.

We accept a variety of clients, including institutional clients and very wealthy and financially sophisticated investors.

Our clients can be private funds, private funds established for a single investor or group of investors, or other legal entities, such as publicly listed real estate investment trusts (REITs).

We work with non-U.S. persons, U.S. accredited investors as defined by the Securities Act of 1933, and certain U.S. qualified purchasers or knowledgeable employees as defined in the Investment Company Act of 1940.

These clients must meet specific requirements, including being institutional clients or having a certain level of financial sophistication.

Pine River Capital Management is a global investment firm based in Minneapolis, Minnesota. They were founded in 2002 by Brian Taylor and Brian Oksenberg.

The firm manages a range of investment strategies across various asset classes. Their investment approach emphasizes a long-term perspective and rigorous research.

Pine River Capital Management has a global presence with offices in Minneapolis, London, and Singapore.

Pine River Capital Management only works with accredited investors, so if you're not one, you're out.

If you're looking for a financial advisor to help with personal finances, Pine River Capital Management is not the right fit. It doesn't provide financial planning or wealth management services.

Pine River Capital has a history of timely reporting, with only one disclosure within the past 10 years. This disclosure occurred in 2010, when the firm missed a reporting deadline issued by the Securities Exchange Board of India by a matter of hours.

As a result of this missed deadline, Pine River Capital was suspended from the domestic Indian securities market from September 30, 2010 to May 2011.

Pine River Capital only works with accredited investors, which means they're not the right fit for small or inexperienced investors.

They clearly state in their Form ADV brochure that investments with them are illiquid and should only be acquired by investors able to commit their funds for an indefinite period.

This means you should be prepared to tie up your money for a long time if you decide to work with Pine River Capital.

The firm doesn't provide financial planning or wealth management services, so if you're looking for a financial advisor to help steer your personal finances, Pine River Capital is not the right choice.