Gcm Grosvenor Inc. · NASDAQ:GCMG
Gcm Grosvenor — Q1 2026 Earnings Presentation
32 slides from Gcm Grosvenor's earnings presentation, Oct 12, 2026
Slide 1: GCM Grosvenor Core Absolute Return Fund I (GCAR)
GCM GROSVENOR CORE ABSOLUTE RETURN FUND I (GCAR) CONFIDENTIAL – NOT FOR REDISTRIBUTION The Notes and Disclosures following this presentation are an integral part of this presentation and must be read in connection with your review of this presentation. GCM Grosvenor® and Grosvenor® are trademarks of
Slide 2: GCM Grosvenor: A Global Leader in Alternative Investments
GCM GROSVENOR: A GLOBAL LEADER IN ALTERNATIVE INVESTMENTS $91B Assets Under Management 50+ Years Building Alternative Portfolios 554 Total Professionals 181 Investment Professionals S T R AT E G I E S AU M I N V E S T M E N T AP P R O AC H PRIVATE EQUITY $32.6B ABSOLUTE RETURN Primary Co-Investments
Slide 3: What Is GCM Grosvenor Core Absolute Return Fund?
WHAT IS GCM GROSVENOR CORE ABSOLUTE RETURN FUND? A single ticket, multi-manager solution. Built on GCM Grosvenor’s 2003 $27B hedge fund platform. Purpose-built for individual investor access, with a Inception focus on downside mitigation and compounding through market cycles. DOWNSIDE MITIGATION DIV
Slide 4: Loss Mitigation in Down Markets
LOSS MITIGATION IN DOWN MARKETS When stocks fall, bonds fall, or both fall together, GCM Grosvenor Core Absolute Return Fund I has consistently limited losses and delivered positive months over the last 10 years. 10 YEAR PERIOD AVERAGE MONTHLY RETURNS (MARCH 2016 – MARCH 2026) GCAR Fund I S&P 500 Bl
Slide 5: Why Absolute Return?
WHY ABSOLUTE RETURN? GCM GROSVENOR | 5
Slide 6: Market Backdrop
MARKET BACKDROP EQUITY CORRELATION RATE CONCENTRATION BREAKDOWN ENVIRONMENT 35%+ +0.5 4%+ Of S&P 500 market cap is Stock-bond correlation 10-year Treasury yields held by the top 10 stocks1 since 2022, vs. negative have settled above 4%, for most of 2000-20202 restoring a meaningful cost of capital a
Slide 7: The Case for Hedge Funds
THE CASE FOR HEDGE FUNDS Hedge funds are flexible, typically private investment vehicles that pursue absolute returns through a wide range of strategies, markets, and instruments. DIVERSIFICATION BEYOND 60/40 Strategies with low correlation to Hedge funds serve as a third pillar, providing different
Slide 8: Types of Hedge Fund Strategies
TYPES OF HEDGE FUND STRATEGIES LONG/SHORT EQUITY EVENT DRIVEN Buy undervalued stocks, sell short Exploit pricing gaps around mergers, spin-offs, overvalued stocks attempting to profit in both bankruptcies and corporate catalysts bull and bear markets CREDIT GLOBAL MACRO Long/short positions across c
Slide 9: The Advantage of Multi-Manager Portfolios
THE ADVANTAGE OF MULTI-MANAGER PORTFOLIOS Diversifying across managers can eliminate single-point-of-failure risk and unlock dynamic reallocation. SINGLE MANAGER MULTI-MANAGER Diversified exposure Concentrated risk Spread across strategies, managers, and One strategy, one team, one market view marke
Slide 10: Manager Selection Is Critical
MANAGER SELECTION IS CRITICAL The dispersion between the top and bottom performing hedge funds in any strategy is persistently high. We believe this supports the value of manager selection as an alpha and return driver in portfolios. HIGH DISPERSION BETWEEN TOP & BOTTOM PERFORMING FUNDS ACROSS STRAT
Slide 11: GCM Grosvenor Core Absolute Return Fund (GCAR) Information
GCM GROSVENOR CORE ABSOLUTE RETURN FUND (GCAR) INFORMATION GCM GROSVENOR | 11
Slide 12: GCM Grosvenor: A Pioneer of Multi-Manager Investing
GCM GROSVENOR: A PIONEER OF MULTI-MANAGER INVESTING One of the world’s largest and most diversified independent alternative asset management firms FROM UNIVERSE TO PORTFOLIO 1971 First year of hedge fund investing ~30,000+ Hedge funds globally1 $91B Firm AUM 3,300+ Actively tracked L/S Equity Multi-
Slide 13: GCM Grosvenor Core Absolute Return Fund
GCM GROSVENOR CORE ABSOLUTE RETURN FUND THE MARKET OPPORTUNITY THE GCM GROSVENOR SOLUTION DOWNSIDE MITIGATION 60/40 portfolios face rising equity concentration Historically limited losses when stocks, bonds, or and broken bond diversification both decline INSTITUTIONAL ACCESS Top hedge fund managers
Slide 14: Built for Individual Investors
BUILT FOR INDIVIDUAL INVESTORS NO ACCREDITATION REQUIRED $25K MINIMUM INVESTMENT MONTHLY PURCHASES QUARTERLY LIQUIDITY 1099 TAX REPORTING GCM GROSVENOR | 14
Slide 15: Dynamic Allocation Based on Market Conditions
DYNAMIC ALLOCATION BASED ON MARKET CONDITIONS MACRO CREDIT QUANT MULTI- STRAT REL. VALUE EQUITIES 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Data as of January 1, 2026 updated annually. GCM GROSVENOR | 15
Slide 16: Partnerships with Top Managers Drive Results
PARTNERSHIPS WITH TOP MANAGERS DRIVE RESULTS UNIQUE MANAGER ACCESS DIVERSIFIED ACROSS STRATEGIES STRATEGY SHARE OF FUND NAV1 69% CONCENTRATING IN STRONG IDEAS 10 LARGEST EXTERNAL MANAGER ALLOCATIONS (% OF NAV) TOP 10 EQUITIES 50% DISCIPLINED MANAGER SELECTION RELATIVE VALUE 13% MULTI-STRATEGY 11% 18
Slide 17: A Proven Track Record Over Market Cycles
A PROVEN TRACK RECORD OVER MARKET CYCLES SINCE INCEPTION CUMULATIVE NET RETURN 200% GCAR FUND I vs. HFRX Global Hedge Fund Index 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 GCAR FUND I TRAILING 1-YEAR TRAILING 3-YEARS SINCE INCEPTION ANNUAL
Slide 18: Summary of Terms and Conditions
SUMMARY OF TERMS AND CONDITIONS GCM Grosvenor Core Absolute Return Fund I, LLC (the “Fund”) Management Fee1 1.10% Incentive Fee None Minimum Investment $25,000 Investor Eligibility No restrictions Subscriptions Monthly Liquidity Quarterly repurchase offers, subject to Board approval and notice requi
Slide 19: Rolling Period Performance Statistics
ROLLING PERIOD PERFORMANCE STATISTICS Annualized Net Annualized Standard Return Deviation Sharpe Ratio Beta to S&P 500 Peak to Trough Loss Time to Recovery 1-Year GCM Grosvenor Core Absolute Return Fund I, LLC 10.5% 4.0% 1.55 0.34 -2.1% pending HFRX Global Hedge Fund Index 6.0% 4.2% 0.42 0.34 -2.9%
Slide 20: Fund Profiles
FUND PROFILES GCM GROSVENOR | 20
Slide 21: Fund Profiles: Long/Short Equity
FUND PROFILES LONG/SHORT EQUITY Aspex Management $16.4B Firm AUM BlackRock, Inc. $14.0T Firm AUM A fundamental long/short equity fund that focuses on mid to large market Fundamental long/short equity strategy focused on Global equities with capitalization equities across Asia. The Manager predominan
Slide 22: Fund Profiles: Long/Short Equity and Relative Value
FUND PROFILES LONG/SHORT EQUITY Select Equity Group, Inc. $25.0B Firm AUM Tiger Global Management LLC $54.1B Firm AUM Long/short equity strategy focused on identifying high quality businesses that Long/short equity focused primarily on the technology, media and telecom the Manager believes will be p
Slide 23: Fund Profiles: Quantitative and Credit
FUND PROFILES QUANTITATIVE Qube Research & Technology $39.6B Firm AUM Voleon Capital Management $24.2B Firm AUM The Fund is a multi-strategy quantitative Fund, with the majority of risk Machine learning-driven quantitative equity strategy with minimal market beta allocated toward quantitative equity
Slide 24: Notes and Disclosures
NOTES AND DISCLOSURES GCM GROSVENOR | 24
Slide 25: Endnotes
ENDNOTES 10-year U.S. Treasury Note1 - The 10-year Treasury note is a debt obligation issued by the United States government with a maturity of 10 years upon initial issuance. A 10-year Treasury note pays interest at a fixed rate once every six months and pays the face value to the holder at maturit
Slide 26: Endnotes
ENDNOTES Bloomberg U.S. Aggregate Securitized Index1 - The Bloomberg U.S. Securitized Index is a composite of asset-backed securities, collateralized mortgage-backed securities (ERISA-eligible) and fixed rate mortgage-backed securities. Bloomberg WTI Crude Oil Subindex1 - Formerly known as Dow Jones
Slide 27: Endnotes
ENDNOTES Goldman Sachs Hedge Fund VIP Index 8 – The Goldman Sachs Hedge Fund VIP Index (the “Index”) is owned by Goldman Sachs Asset Management L.P. (the “Index Sponsor”). The Index is calculated by Solactive AG (the “Calculation Agent”). The Index consists of hedge fund managers’ “Very-Important-Po
Slide 28: Endnotes
ENDNOTES Morgan Stanley Capital International (“MSCI”) AC Asia Pacific Index3 - The MSCI AC Asia Pacific Index captures large and mid cap representation across 5 Developed Markets countries and Emerging Markets countries in the Asia Pacific region (Developed Markets countries in the index include: A
Slide 29: Endnotes
ENDNOTES Sharpe Ratio - The Sharpe Ratio is a measure of risk-adjusted returns. It is defined as an investment’s excess return over the risk-free rate divided by the standard deviation of the investment’s return: Where: ri = annualized rate of return of the investment r rf = annualized risk-free rat
Slide 30: Data Sources
DATA SOURCES Notes and Disclosures Bloomberg Finance L.P. Credit Suisse. Preqin. Eurekahedge. HFR, Inc. www.HFR.com. S&P. S&P and its third-party information providers do not accept liability for the information and the context from which it is drawn. FTSE International Limited ("FTSE") © FTSE 2025.
Slide 31: Notes and Disclosures (1 of 2)
GCM GROSVENOR CORE ABSOLUTE RETURN FUND I Notes and Disclosures (1 of 2) GCM Grosvenor Core Absolute Return Fund I LLC (Fund I) invests substantially all of its assets in GCM Grosvenor Core Absolute Return Master Fund, LLC (the “Master Fund”). Fund I is registered under the Investment Company Act of
Slide 32: Notes and Disclosures (2 of 2)
GCM GROSVENOR CORE ABSOLUTE RETURN FUND I Notes and Disclosures (2 of 2) Leverage Risks – the risks of using leverage, which magnifies the volatility of changes in the value of an investment, including losses. Valuation Risks – the risks relating to GCM Grosvenor’s reliance on Investment Managers to