GCM Grosvenor’s earnings report details AUM growth of 16% from the prior year to roughly $65 billion at the end of the first quarter.
Part of that asset growth was in 2021 as $2.5 billion in fresh capital came into the firm. Of that figure $1.9 billion flowed into absolute return strategies, which is the firm’s well-known fund of hedge fund business. For the first three months of 2021, the portfolio is up only 0.3% net.
“We are pleased with the first quarter results and continue to benefit from . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.