ARROWGRASS CAPITAL PARTNERS LLP

Thesis

Arrowgrass Capital Partners LLP, founded in 2008 and based in London, UK, is an alternative asset management firm that historically operated with a multi-strategy investment process across the corporate capital structure. The firm employed a non-siloed approach, utilizing both top-down and bottom-up analysis with a macro overlay for hedging. Their strategy focused on relative value and event-driven opportunities, with an emphasis on fundamentally driven research and risk management, aiming for consistent risk-adjusted returns and capital preservation throughout the economic cycle. Historically, Arrowgrass invested in distressed assets, equity and fixed income special situations, and merger arbitrage, with a notable focus on sectors such as credit cards, financial services, FinTech, lending, and peer-to-peer lending on a global scale. AUM reports varied, with figures ranging from over $5 billion to $14.44 billion. It is important to note that Arrowgrass Capital Partners liquidated its hedge fund business in Q3 2019 and returned capital to investors. Information regarding current investment activities and AUM may reflect the firm's post-liquidation structure or legacy data.