A Note from the CEO

Corbin’s vision is rooted in my prior experience working in various aspects of the traditional asset management business. When I started with Corbin, hedge fund managers were pretty fringy in the institutional market - not yet mainstream. They were revered, treated with kid gloves, and everyone was worried about accessing their scarce capacity. I was baffled and shocked by the disconnect between adoration for the hedge fund managers, yet a relative disregard for client needs. Hedge funds were simply asset managers in a different package, and in traditional asset management, it was crystal clear that clients were at the center of the galaxy and treated accordingly. Most hedge funds didn’t seem to get that - client alignment wasn’t the point, and this was reflected in the transparency and service provided to clients.

Our vision was to create a better hedge fund option that was truly client‐centric. The goal was (and still is) to impact clients meaningfully by achieving unrivalled results. We agreed that if we couldn’t deliver consistently stronger returns than most competitors, we shouldn’t be in business. We structured the firm around this guiding principle.

How do we do this? It’s a very active and opportunistic approach that, by design, was different than our primary competitors. Initially, the goal was to complement the big guys and work our way towards becoming a mainstream option. We were not market neutral, not simply a diversification tool, and not driven by distribution trends. Instead, we offered a returns‐seeking approach with a strong focus on delivering idiosyncratic risk by structuring concentrated portfolios of managers. Over a decade later, we are still guided by this client‐centric principle.