Soros Fund Management Llc: Fill & Download for Free

Let’s take a look…We’ll assume that we can look at his hedge fund, Soros Fund Management LLC, as his holdings.Here are the fund’s top new holdings:Source: GFAnd here are the fund’s new sold positions:Source: GFIsn’t this great?We can see what he’s doing and just copy his exact strategies!This is all possible because SEC Form 13F, which requires a filing of holdings by institutional investment managers with over $100 million in qualifying assets.But… there’s a problem here…The form needs to be filed quarterly… and there is a 45 day grace period.So, in theory, the filing could indicate a buy/sell that is 135 days old (3 months + 45 days = 135 days).And guess what a hedge fund does?IT HEDGES!The fund constantly re-balances its positions to get the best returns. AND, some positions (like shorts) aren’t required to be filed.So, while it may look like you are getting an inside view of the top money managers, you could just be getting a peak into the past.Their current holdings could be totally different.(That said, there are some fund managers, like Warren Buffett, who usually hold their positions for a longer period of time.)So, in a couple of months, we’ll know exactly what Soros is doing.

Some of the AUM data and ranking data is dated, but as a pure list of credit hedge fund names, this isn't bad. Some are more involved in distressed credit than others. Below that is a list of funds by strategy w/ in each asset manager.By asset manager:By individual funds under each asset manager:Another supplementary list of distressed debt funds:1798 Global PartnersAAC GP LLCAbrams Capital Management LLCAdvantage Advisers Multi Manager LLCAdvent Capital ManagementAEGON USA Investment Management LLCAhab Capital Management LLCAlcentra IncALJ Capital ManagementAnchorage Capital Partners LP / Anchorage Advisors LLCAngelo, Gordon & CompanyApex Capital ManagementApollo ManagementAppaloosa ManagementArchview InvestmentAres Management LLCAristeiaArmory Advisors LLCArrow Investments IncArrowgrassAtalaya Cap. Mgmt.Audax Credit OpportunitiesAudax Group LPAurelius Capital ManagementAurora Resurgence Mgmt. PartnersAvenue Capital GroupBabson Capital Management LLC (David L. Babson & Co. Inc)Basso Capital Management L.PBaupost GroupBay Harbour ManagementBayside CapitalBeach Point Capital Management LPBeltway CapitalBennett Asset Management CorpBerens Capital FundsBlack Diamond Capital ManagementBlack River Asset Management LLC / CarVal Investors LLC (Cargill Inc)BlackEagle PartnersBlackport Capital FundBlackrockBlackstone GroupBlue Mountain Capital Management LPBlue Ridge (Blue Water) Capital Management LLCBlue River Asset ManagementBlue Wolf CapitalBlueBay Asset ManagementBlueCrest Capital Management LPBond Street CapitalBoone Capital ManagementBrencourt AdvisorsBridgehampton Capital Management LLCBrigade Capital ManagementBrookfield Asset Mgmt.Campbell GPCamulos CapitalCandlewood Investment Group, LPCanyon Capital Advisors LLCCape One Financial LLCCargill Value InvstmtCarl Marks & Co.Carlyle Strategic PartnersCarVal InvestorsCaspian CapitalCatalyst Investment Mgmt.Catalyst PartnersCaxton AssociatesCDK GroupCenterbridge CapitalCerberus Capital Management L.P / Madeleine LLC / Ableco Finance LLCCetus / LittlejohnChicago FundamentalCitadelCohanzick Management LLCColumbus HillCommonwealth Advisors IncConcordia Advisors LLCContrarian Capital ManagementCorsair Capital Management LLCCovalent Capital PartnersCourage Investments IncCQSCreedon Capital Management (Creedon Kelly & Partners)Cypress MgmtCyrus Capital PartnersD.B.Zwirn & Co. L.P.D.E.Shaw GroupDalton InvestmentsDavidson Kempner Capital Management LLC (MHD Management Co. LLC)DDJ Capital MgmtDeephaven Captial Management LLCDeerfield Capital Management LLCDel Mar Asset ManagementDelaware Street CapitalDeltec Asset Management LLCDKPR Wolf Point Mgm.tDKR Capital IncDrake Mgmt.Dreman Value Mgmt.Drucker CapitalDune Capital Mgmt.Durham Asset ManagementDW Investment Management, LP (Brevan Howard)Eagle Rock CapitalEight Capital Management LtdEJF Health Care GP LLCElliott AdvisorsEndurance Asset Management LLCEOS PartnersEpic Asset Mgmt.ESL Investments Inc (Edward Lampert)Eton Park Capital ManagementEverest Capital LLCEwing ManagementFairholmeFalcon Point CapitalFarallon Capital Management LLCFaxtor Securities BVFernwood Associates LTDFH International Financial Services IncFir Tree PartnersFirstCity Crestone, LLCForest Investment Management LLCForstmann Little & Co.Fortress Investment Group LLCFranklin Mutual RecFrontFour Capital Group LLCFulcrum Capital Mgmt.Fundamental Capital Management LLCFurther Lane SecuritiesGabriel Capital CorpGates Capital ManagementGlenview Capital ManagementGLG Partners, NAGlobal Credit AdvisorsGolden CapitalGoldenTree Asset Mgmt.Goldman Spec SituationsGores GroupGracie Capital LLCGradient PartnersGramercy Advisors LLCGramercy CapitalGravity Partners LPGreenhill Capital PartnersGreenlight CapitalGreywolf Capital Management LPGruss Asset ManagementGSC Capital (Greenwich Street Capital Partners)GSO Capital Partners LPGuggenheim Investment ManagementH PartnersH.I.G.H2 CapitalHain CapitalHalbis Capital Management USA IncHalcyon Partners LP / Halcyon Asset Management LLCHarbert Fund AdvisorsHarbert Management CorporationHarbinger Capital PartnersHarbour Town Funding LLCHarvest Management LLCHavens Advisors LLCHaymanHBK Investments LPHBV Capital ManagementHelios Capital ManagementHicks, Muse, Tate & Furst Inc.HIG Brightpoint Cap.Highbridge Capital Management LLCHighland Capital Management LPHudson Bay Capital ManagementHuizenga Capital Mgmt.IBS Capital CorpIcahn Capital Corp.Icahn Capital Corporation / Thornwood Associates LP (Controlled by Carl Icahn)Insight Investments LLCIntermarket CorporationInvescoIvory Investment ManagementJ.H. Whitney & Co.Jana Partners LLCJLL PartnersJMB CapitalJP Morgan Asset ManagementK Capital PartnersKarsch Global CreditKatonah Scott's Cove Cap. Mgmt.Kayne AndersonKD Distressed CapitalKellner DiLeo Cohen & Co., LLCKilimanjaro AdvisorsKing Street Capital Management LLCKistefos ASKKR FINANCIAL Holdings LLC / Kohlberg Kravis Roberts & Co. LPKnighthead CapitalKPS Special Situations FundKS Capital PartnersLampe, Conway & Co. LLCLatigo Partners LPLaurel Ridge Asset Management LP / Laurel Ridge PartnersLeucadia Nat'l Corp.Levco Debt OppsLevine Liechtman Capital PartnersLighthouse Investment Partners LLCLinden AdvisorsLitespeed Management LLC / Litespeed Partners LP / Litespeed Capital LLCLittlejohn & Co.Loeb Partners / Third Point ManagementLone Star PartnersLongacre Fund Management LLCLongroad Asset ManagementLuxor CapitalLydian Asset ManagementLyster WatsonMaglan CapitalMagten Asset Management CorpMarathon Asset Management LPMarblegate Asset ManagementMariner Investment Group LLC (Caspian Capital Partners)Marlin Equity PartnersMason Capital ManagementMatlinPatterson Global Advisors LLC / MatlinPatterson Capital Management LPMcDonnell InvestmentsMellon HBVMHR Fund Management LLC (Rachesky)Mill Rock Investment AdvisorsMillennium GlobalMillennium ManagementMillroad PartnersMittleman Brothers PartnersMJ Whitman Mgmt Co.Moab Capital Partners LLCMonarch Alternative Cap.Monomoy CapitalMoore Capital ManagementMorgens Waterfall Vintiadis & Co. IncMoriah Capital Management LPMount Kellett Cap. MgmtMSD CapitalMudrick Capital ManagementNew Generation AdvisersNewport Global AdvisorsNormandy Hill CapitalNorth Run PartnersOak Hill Capital Partners / Oak Hill Investment Managemetn LPOaktree Capital Management (OCM)Och Ziff Capital Management Group LLC / Och Ziff Friedheim / OZF Management LLCOctavian AdvisorsOnex Corp. / Onex Capital Management LPOnex Credit PartnersORE HILL PARTNERS LLCOutrider ManagementOwl CreekP. Schoenfeld Asset ManagementPacholder Assoc., Inc.Pacific Altern. Ast Mgmt.Pacific Capital AdvisorsPacificor LLCPaige CapitalPanagaen Capital ManagementPAR Investment PartnersParallax Capital Partners LLPPardus Capital Management LLCPatriarch Partners LLCPAULSON & CO INCPegasus Investment Partners LPPENN Capital Management Company IncPequot Capital Management LLCPERELLA WEINBERG PARTNERS CAPITAL MANAGEMENTPerry CapitalPershing Square Capital Management LPPhoenix Investment AdviserPimcoPine CreekPine River Capital ManagementPinewood Capital PartnersPlainfield Asset ManagementPlatinum Equity Capital PartnersPMIPost / Beach PointPrincipal Global InvestorsPrivate Advisors LLCProphet EquityProvidence EquityPursuit Partners LLCQuadrangle Group LLC (Quadrangle GP Investors LLC / Quadrangle Equity Investors Ltd / Quadrangle Equity Management LLC)Quattro Global Capital LLCQuestor ManagementQVT Financial LPR2 Investment (Amalgamated Gadget LP / Q Investment)R3/BlackrockRadius PartnersRAMIUS Capital Group (RCG)Redwood CapitalRelativity FundRemedial CapitalResolution PartnersRestoration Capital Management LLCResurgence Asset ManagementResurgence Corp. FundRMBS Management LLCRoyal Capital ManagementSAC Capital Advisors LLC (Sigma Captial Management LLC)Sabretooth CapitalSalisbury CapitalSandell Asset Management Corp.Sandler Capital ManagementSankaty Advisors LLCSatellite Asset Management LPSaybrook CapitalSchultze Asset Management LLCScoggin Capital Management LPScott's Cove Capital Management LLCSeix Investment AdvisorsSenator Investment GropSeneca Capital Advisors / Seneca Capital Investments LPShenkman Capital Management IncSierra Liquidity FundSignature Cap. PartnersSilver Lake FinancialSilver Point CapitalSimran Capital Management LLCSmith Management / Alden Global CapitalSolus Alternative Mgmt.SOROS Fund ManagementSoros NYSouthpaw Asset ManagementSpectrum Asset ManagementSpring StreetStairway Capital AdvisorsStandard General Mgmt.Stanfield Capital ManagementStark Investment LTD PartnershipSteel PartnersStone Harbor Inv. PtnrsStone LionStone TowerStonehill Capital Management LLCStony Lane PartnersStrategic Value Partners LLCSummitSun Capital Partners IncSunrise Partners LLCTA Mckay & Co.Taconic Capital Partners (Taconic Capital Advisors / Taconic Capital Management)Tålamod Asset ManagementTCW Group Inc (TCW/Crescent Mezzanine LLC)Tennenbaum Capital Partners LLCTENOR CAPITAL MGMT COMPANY LPThe Broe CompaniesThe Carlyle Group / Carlyle Investment Management LLCThe Occasio Fund LLCThird Avenue Management LLCThomas H. Lee PartnersTiburon Capital Mgmt.Tontine (Capital) Partners LP / Tontine Associates LLCToscafund Asset ManagementTPG Capital LP (Texas Pacific Group)TPG Credit ManagementTradewinds Investment ManagementTreadstone GroupTriage Capital Management LPTRICADIA CAPITAL LLCTrilogy CapitalTrust Co. of the WestTuckerbrookTudor Investment Corp.Turnberry Capital Management LPTyndall PartnersValinor Capital Partners, LPVan KampeVarde Partners, Inc.Vector CapitalVenor Capital Management LPVentura Capital Management LLCVersa Capital ManagementViking GlobalVisiumVR GroupW.L. Ross & Co. IncW.R. Huff Asset Management Co. LLCWarburg Pincus LLCWashington Corner Capital ManagementWater Tower CapitalWatershed Asset Mgmt.Wayzata Investment Partners LLCWellington Management Co. LLPWellspring Capital Management LLC (Wellspring Capital Partners LP)Welsh, Carson, Anderson & Stowe (WCAS)Wexford Capital LPWhippoorwill Associates, Inc.WhiteboxWilfrid Aubrey LLCWilliam E. Simon & SonsWingate PartnersWintergreenWoodside ManagementYork Capital ManagementZ Capital Partners LLC / Z Capital Management LLCSource: Updated List of Distressed Debt Hedge Funds

There are 2 questions here:1) What is a management company?2) Why is Quantum Fund located offshore?A fund is an entity that combines capitals of multiple investors. In the US, it's typically a Limited Partnership (LP). As an investment manager, you need to setup such LP to raise capital.After the LP is setup, you can elect yourself a managing partner. However, you will then have unlimited liability for the results. To avoid that, investment managers setup an additional entity to serve as a managing partner (typically, it's an LLC). The LLC becomes a managing partner of the Fund, and you become a managing partner of the LLC. Such LLC is called Management Company.In addition to providing limited liability to the investment manager, Management Company also separates investment capital and operating budget. All expenses, employees, offices, service contracts etc are assigned to the Management Company, and the Fund carries only the investment portfolio. Such separation makes the Fund more transparent and easier to manage.One management company can manage several funds. So, Soros Fund Management LLC is the company that provides Soros with the limited liability and management of operations, and Quantum Fund is one of the capital pools that he raised.Why offshore and not the US?Global funds often have investors with different tax status. For example, international investors prefer to invest in offshore funds because they don't want to become subject to the US taxes and regulations. Some US investors are tax exempt (pension plans, individual retirement accounts, foundations, endowments, etc) and they also prefer to invest through offshore funds to avoid complications arising from the commingling of their capital with taxable investors.To serve such customers many US hedge funds are setup in what's called a "master-feeder" structure. There is a management company, and 2 funds: one is US-based - for regular US investors, and one is offshore - for the international and tax-exempt investors. These funds are then combined into one investment portfolio.