Pine River Capital Management L.P. is an
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
firm.
The firm trades stocks,
fixed income
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the prin ...
,
derivative
In mathematics, the derivative of a function of a real variable measures the sensitivity to change of the function value (output value) with respect to a change in its argument (input value). Derivatives are a fundamental tool of calculus. F ...
s and
warrants.
the company manages approximately
[ across three actively managed platforms: ]hedge funds
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as shor ...
, managed accounts and listed investment vehicles to support a number of strategies including interest rates
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, th ...
, mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pu ...
, equity long/short, event-driven equity, and global convertible bond arbitrage.
History
Brian Taylor founded Pine River in 2002 to pursue opportunities in global relative value trading with an initial investment of $5.3 million.Minneapolis, Minnesota
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...
in 2003.[ In 2007, Pine River relocated to ]Minnetonka
Minnetonka ( ) is a city in Hennepin County, Minnesota, Hennepin County, Minnesota, United States. A western suburb of the Twin Cities, Minnetonka is located about west of downtown Minneapolis. As of the 2020 United States census, 2020 census, ...
.[
Pine River Capital Management L.P. became registered as an investment advisor with the US Securities and Futures Commission in January 2006. Pine River Capital Management (UK) Limited became authorized by the British Financial Services Authority to manage investments in the UK in January 2004.
Between October 2009 and August 2020, a subsidiary of Pine River was the external investment manager of Two Harbors Investment Corp. (), a publicly listed real estate investment trust that invests in mortgage-backed securities and related instruments.
Between June 2017 and December 2020, Pine River was the external manager of Granite Point Mortgage Trust (), a publicly listed real estate investment trust that focused on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments.
In 2017, following a wave of withdrawals, Pine River closed one of its master funds.]
References
{{reflist, 2
External links
Official siteCurrent Portfolio Holdings
Financial services companies established in 2002
Investment management companies of the United States
Companies based in Minnesota
Hedge funds