Aduro Asset Group’s affiliated entities (Aduro Capital Management, I LLC, Aduro GP Manager I, LLC, et. al., hereinafter “AAG” or “Aduro”) were established in 2006 in West Palm Beach, Florida with the primary function of developing a single US based fund focused on Private Investment in Public Equity (“PIPE”) investments. Initial business development efforts for the PIPE fund resulted in two separate, but similar mandates from institutional investors in Europe and the US.
The premise for these mandates was essentially the same, given that most traditional investments were failing to meet investor’s expectations in the current economic climate. AAG was requested to deliver multiple non-correlating alternative strategies (each with a minimum three year track record) that could be invested in collectively as a “turnkey” alternative asset platform or individually based on the specific portfolio needs of the client.
From this mandate, AAG built a segregated portfolio investment platform that utilizes a unique “manager-of-manager” model whereby:
- Each Sub-Advisor has a minimum track record of three (3) years.
- Client capital is managed in the Aduro fund structure with a Sub-Advisor executing the investment strategy under a separate managed account (SMA) and respective investment policy statement.
- Unlike a multi-strategy fund all investment strategies are segregated to limit potential liability from one strategy to the next
- Unlike a "Fund-of-Hedge Funds", the “Manager-of-Managers” model increases transparency while reducing overall fees to the investor.
See "Investment Philosophy"