Falcon Edge Capital LP Profile
Falcon Edge Capital LP is a hedge fund sponsor based out of New York City, New York. The company was originally established in 2011 by founder Richard M. Gerson, who is still with the company today acting as its CIO and Chairman. Falcon Edge Capital conducts its research internally, utilizing a long short equity strategy to make its investment decisions. The company invests in the public equity markets on a global scale, allocating its assets across a range of assets with a focus on global emerging markets. Falcon Edge Capital invests most heavily in the consumer discretionary sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the health care, information technology, industrials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for 2.9 quarters on average and holds its top 10 allocations, which makes up approximately three quarters of its total allocations, for 3.5 quarters on average. Falcon Edge Capital’s top holdings include Liberty Interactive Corp., Allergan PLC, Cheniere Energy Inc., and Spirit Aerosystems Holdings, in order of decreasing allocation. In the most recent quarter, Falcon Edge Capital had a turnover rate of approximately 23.8%. Falcon Edge Capital operates with 19 employees of which 12 are investment professionals. The company manages over $4.2 billion in total assets under management spread across 10 accounts, all of which are discretionary accounts. Both of the firm’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management growing significantly from $1.2 billion back in 2012 to well over three times that amount today. Falcon Edge Capital caters exclusively to pooled investment vehicles and takes advisory fees in the form of a percentage of assets and various performance based fees.