investment management founded 1971 founder richard elden headquarters 900 north michigan chicago illinois united states key people michael sacks products hedge funds private equity infrastructure and real estate aum 45 billion number of employees 450 website www.gcmlp.com gcm grosvenor is one of the world s largest independent alternative asset management firms with over 45 billion in assets under management and over 450 professionals . 1 2 3 the firm s public markets solutions group provides hedge fund investment management and advisory services to clients worldwide . 2 it is one of the world s top discretionary allocators to hedge funds with an estimated 26 billion in assets under management . 4 the firm s private markets solutions group invests client assets in primary fund investments secondary fund investments and co investments across the private equity infrastructure and real estate sub asset classes . 5 it is one of the largest private markets fund investment and co investment managers globally with approximately 22 billion in assets under management . 6 gcm grosvenor s clients are mostly institutions such as pension funds sovereign wealth entities banks corporations insurance companies charitable organizations and endowments . 7 the firm develops customized investment programs and also manages commingled investment products for its clients . 2 the firm is headquartered in chicago and is owned in part by hellman & friedman a leading private equity financial sponsor . 8 9 history edit grosvenor was founded in 1971 by richard elden and managed the first fund of hedge funds in the united states . 10 in 1973 elden brought on a partner frank meyer who had been a colleague at a.g. becker . 11 elden left grosvenor in 2006 to start lakeview investment manager which runs an activist fund of hedge funds and meyer retired from the business . 11 12 13 michael sacks who joined the firm in 1990 is the current chief executive officer of the company . 14 in january 2014 grosvenor completed its acquisition of the customized fund investment group cfig from credit suisse group ag . 2 cfig was credit suisse s third party private equity business investing some 20 billion with outside private equity managers . 15 references edit gcm grosvenor . chicagoland chamber of commerce . retrieved september 1 2014 . a b c d prnewswire january 2 2014 . grosvenor capital management completes acquisition of customized fund investment group from credit suisse group ag . the wall street journal . gcm grosvenor . gcm grosvenor . retrieved 2016 05 06 . jeff benjamin march 25 2014 . as liquid alt mutual funds proliferate some question their value . investment news . gcm customized fund investment group . private equity international . retrieved august 31 2014 . company overview of grosvenor capital management l.p. . bloomberg businessweek . september 1 2014 . jenny strasburg and cassell bryan low august 7 2009 . hedge funds rally as cash flows back in . the wall street journal . lynne marek august 1 2013 . grosvenor to buy credit suisse private equity unit . crain s chicago business . dealbook october 29 2007 . hellman to take stake in grosvenor . the new york times . richard elden . university of chicago . retrieved august 30 2014 . a b rittereiser cathleen m. ; kochard lawrence e. 2010 . top hedge fund investors stories strategies and advice . john wiley & sons . p. 33 . isbn 9780470637142 . retrieved august 31 2014 . company overview of lakeview investment group llc . bloomberg businessweek . september 1 2014 . anne logue november 24 2008 . sweet home chicago . institutional investor s alpha . michael j. sacks j.d. . bloomberg businessweek . september 1 2014 . grosvenor closes deal for credit suisse p.e. biz . finalternatives . january 8 2014 . external links edit official gcm grosvenor website hedge funds of funds institutions lead the way v t e hedge funds investment strategy arbitrage relative value capital structure arbitrage convertible arbitrage equity market neutral fixed income arbitrage fixed income relative value investing statistical arbitrage volatility arbitrage event driven activist shareholder distressed securities risk arbitrage special situation directional convergence trade commodity trading advisors managed futures account dedicated short global macro long short equity trend following other fund of hedge funds multi manager trading algorithmic trading day trading high frequency trading prime brokerage program trading proprietary trading related terms markets commodities derivatives equity fixed income foreign exchange money markets structured securities misc arbitrage pricing theory assets under management black scholes model greeks finance delta neutral capital asset pricing model alpha beta security characteristic line fundamental analysis hedge securitization short taxation of private equity and hedge funds technical analysis investors vulture funds family offices financial endowments fund of hedge funds high net worth individual institutional investors insurance companies investment banks merchant banks pension funds sovereign wealth funds regulatory fund governance hedge fund standards board alternative investment management companies hedge funds hedge fund managers retrieved from https en.wikipedia.org w index.php title gcm grosvenor & oldid 743337789 categories hedge fund firms in chicagoinvestment management companies of the united statesfinancial companies established in 1971alternative investment management companiesamerican companies established in 19711971 establishments in illinois navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 05 06 . text is available under the creative commons attribution sharealike license ; 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