Overview
The Adviser is a Delaware limited liability company that commenced operations and became an
SEC-registered investment adviser in July 2003. The Adviser has operated as an investment
management firm since 2003 and is currently controlled by Laurence Russian, Guilherme Valle
and David Finn through a management committee. The Adviser provides investment advisory
services to one registered investment company, ABS Long/Short Strategies Fund (the “RIC”), a
collective investment trust called the ABS Emerging Markets Local Alpha Portfolio (the “CIT”)
and to a collection of private funds engaged in a multi-manager investment program as follows:
ABS Offshore SPC, ABS Limited Partnership, ABS Alpha Ltd., ABS Opportunities Ltd., TAMUS
LS Fund LP, ABS Emerging Markets Strategic Portfolio, LP, ABS Emerging Markets MA Fund,
LP, ABS Japan Strategic Portfolio, LP, ABS Investment Fund LLC and ABS Direct Equity Fund
LLC (collectively the “Partnerships” and “Funds”). In addition, separate managed accounts for
large individual mandates, called “Managed Accounts” are tailored to a specific client’s needs
potentially dealing with among other things geography, sectors, liquidity and market exposure
(the RIC, CIT, Managed Accounts, Partnerships and Funds may collectively be referred to
herein as “Clients”).
The Adviser invests the assets of each of its Clients primarily in domestic private investment
funds, offshore funds or managed accounts (collectively, “Investment Funds,” i.e. hedge funds
or pooled investment vehicles) managed by fund managers or sub-advisers (“Fund Managers”)
selected by the Adviser. The assets of the various Clients that the Adviser advises are allocated
or recommended in accordance with the different objectives and strategies of each Client.
As of December 31, 2023, the Adviser had approximately $6.5 billion of discretionary regulatory
assets under management and approximately $1 billion of non-discretionary regulatory assets
under management.