Capital Z Asset Management

Sponsored Managers
Following are the alternative investment managers sponsored by CZAM to date.
Hedge Funds Aviator Fund Management, L.P. Asia Multi-Strategy Aviator Fund Management, L.P. is an asset management firm focused constructing trades in the Asian markets. Aviator employs five trading strategies: capital structure arbitrage, catalyst driven, relative value volatility, convertible arbitrage and quantitative trading. Investment ideas are vetted using both fundamental and quantitative analysis and implemented in a strategy-agnostic manner using the most efficient strategy/instrument combination. Capital Z Access Management, LLC Hedge Fund of Funds Capital Z Access Management, LLC, an affiliate of CZAM, manages a diversified hedge fund of fund portfolio constructed from the pool of hedge funds that have been sponsored by CZAM (and its predecessor). Capital Z Access seeks to generate attractive risk-adjusted returns as a result of, among other factors, the investment expertise of such sponsored hedge fund managers and the ability of such managers to manage portfolios with desirable risk/return characteristics in their specific areas of expertise. Capital Z Access pursues low correlation strategies and benefits from the monitoring and value added guidance CZAM provides as part of the sponsorship process. Cedarview Capital Management, L.P. High-Yield Long/Short Cedarview Capital Management, L.P. focuses on debt-related investment opportunities, primarily long/short high yield strategies as well as bank loans and capital structure arbitrage. Security selection is based on rigorous, bottom-up fundamental credit analysis that yields a portfolio diversified by both industry and issuer. Capital preservation is a priority at Cedarview; to this end, strict risk management is employed and is based on a proprietary credit scoring methodology. Cevian Capital Limited A Private Equity Approach to Investing in Public Companies Cevian Capital Limited is an asset management firm advised from Stockholm, Sweden and Z�rich, Switzerland which invests in publicly-traded companies in the Nordic Region and Western Europe. Cevian employs a private equity approach to investing in public companies and looks to enhance value in its target companies. The funds seek to acquire significant ownership positions in undervalued Nordic and Western European public companies and create value by reorienting corporate strategies, exploiting new growth opportunities, improving operational efficiencies, optimizing capital structures or initiating corporate or financial restructurings. Fort, L.P. Managed Futures Advisory Fort, L.P. is a registered Commodities Trading Advisor (CTA) that seeks to capture trends in the global fixed income and currency futures markets through its managed futures investment programs. Fort uses systematic trend-following investment methodologies developed proprietarily by the principals in seeking to achieve its goal of consistent investment returns. ^ Top Globalis Investments, LLC Emerging Markets Globalis Investments, LLC is a specialist emerging markets SEC Registered Investment Adviser. The firm is headquartered in Boston, Massachusetts and was formerly known as OneWorld Investments, L.P. Globalis is the investment manager of a suite of emerging markets investment products, including hedge funds, long-biased products and managed accounts. The investment process employed by Globalis includes identifying opportunities to generate capital appreciation and income through the execution of directional, relative value and market-neutral strategies in securities of the emerging nations of Latin America, Asia, Eastern Europe, Africa, and the Middle East. ^ Top Lampe Conway & Co., LLC Distressed and Special Situations Lampe Conway & Co., LLC is a New York-based asset management firm that manages a distressed-securities hedge fund that invests in what it believes are mispriced and undervalued securities of businesses undergoing financial duress. Focused solely on North America, the fund invests primarily in discounted debt issues and, to a lesser extent, equity securities. ^ Top LightKeeper Investments, LP Technology Equity Long/Short Lightkeeper Investments, LP is a Boston-based asset management firm focused on long and short equity investment opportunities in technology companies. Data points are collected along the technology supply chain enabling LightKeeper to identify investment opportunities that are considered undiscovered gems, product cycle plays or catalyst driven situations. Both a top down and bottom up research process is employed and the portfolio is managed using ongoing risk management and risk assessment techniques. ^ Top Palmyra Capital Advisors, LLC Equity Long/Short Palmyra Capital Advisors, LLC is a Los Angeles-based asset management firm that manages a value-oriented US equity long/short hedge fund that primarily focuses on mid to large cap equity securities. Palmyra employs a bottoms-up research-intensive investment approach, which combines the use of proprietary models and valuation screens with substantial primary research. Palmyra seeks to generate profits from both its long and short positions and maintains a low net exposure in a diversified portfolio of U.S. equities. ^ Top Passport Management, LLC Equity Long/Short Passport Management, LLC is a San Francisco-based asset management firm that applies a research-intensive, fundamental value approach to a long/short equity hedge fund. Passport's investment portfolio is diversified by industry, market capitalization and geography and consists of three primary components: paired long/shorts, value longs and outright shorts. Passport's research efforts are concentrated on finding investment opportunities that are under-followed and misunderstood by the general market. Passport seeks to invest in situations where the downside risk is limited by tangible book values or private market valuations and the upside potential is significant over a reasonable period of time. ^ Top Praesidis Asset Management, LLC Power and Utilities Equity Long/Short Praesidis Asset Management, LLC is a Tampa, Florida-based asset management firm focused on long and short equity investment opportunities in North American companies involved in and related to the power and utilities industries. Emphasizing a rigorous, fundamental value approach, Praesidis identifies investment opportunities in three categories: relative value, restructuring and industry consolidation. Praesidis employs strict risk management controls to limit the fund's exposures at the market, industry sector and individual security level. ^ Top Quattro Global Capital, LLC Global Convertible Arbitrage Quattro Global Capital, LLC is a New York-based asset management firm. The hedge fund vehicles managed by Quattro Global Capital LLC seek to generate absolute returns by pursuing a global convertible arbitrage strategy in four distinct areas: foreign convertible arbitrage, domestic convertible arbitrage, distressed/special situation convertible arbitrage and Regulation D convertibles. ^ Top Santum FI, LLC Fixed Income Relative Value Sanctum FI, LLP is a London based fixed income relative value manager that utilizes a bottom-up, micro-oriented approach to identify anomalies within the G10 government bond, repo and interest rate derivative markets. Sanctum targets investment opportunities determined by qualitative factors such as differences in risk appetite, liquidity demand, and tax efficiency among market participants, as well as shifts in issuance patterns and extreme-volatility environments. Sanctum also employs a macro overlay to hedge directional and yield curve exposure, resulting in a very low correlation to government bond indices. ^ Top The Wave Management Group, LLC Credit Long/Short The Wave Management Group, LLC is an alternative asset management firm focused on long and short investment opportunities in the US corporate credit markets, including high grade, crossover credits, bank loans, high yield and stressed credits. Employing a fundamentally driven investment process, Wave researches individual issuers, constructs portfolio trades to express individual credit-specific views, and actively monitors and manages portfolio risks. ^ Top