Steven Hornstein

Provides securities and investment banking services

Provides investment banking and brokerage services

Functions as a College/University

Pinewood's investment process utilizes a range of strategies to exploit fundamental and technically driven valuation anomalies in the credit markets. These trading strategies use an array of techniques constructed to take advantage of the opportunities afforded to managers with superior credit research and execution skills. These strategies are designed to benefit from a range of poorly correlated idiosyncratic (company or industry-specific) and systematic (market-level) risk and return factors. The firm constructed their investment process to earn a significant portion of its alpha through the harvesting of return opportunities at the security level. Their credit research is designed to support this effort through the rigorous analysis of individual issuers and the key drivers of their ability to cover their debt obligations. Their goal is to isolate idiosyncratic drivers of company performance to determine attractive entry and exit points. Pinewood believes strongly that proper fund management requires a thorough understanding of the various risks being present in the portfolio at any given time.

Sailfish Capital Partners manages the Sailfish Multi-Strategy Fixed-Income Master Fund (G2) Ltd., Sailfish Multi-Strategy Fixed-Income Fund (G2) Ltd., Sailfish Multi-Strategy Fixed-Income Fund (G2) LP, Sailfish Global Equity Partners (G3) LP, Sailfish Global Equity Master Fund (G3) Ltd. and the Sailfish Global Equity Fund (G3) Ltd. The firm is a multi-strategy hedge fund firm that focuses on fixed-income portfolios

GCA’s investment analysis and strategy includes the allocation of assets through the use of fundamental research by taking long and short positions predominantly in the debt and/or equity (or derivatives thereon) of highly leveraged companies.