Luxor Capital Group, LP

Luxor Capital Group primarily manages pooled private investment funds and also provides discretionary and non‑discretionary investment advice to a limited number of separately managed accounts, including sub‑advisory arrangements. The firm additionally accepts corporate or other business clients and at times provides advisory services to other investment advisers.

Luxor operates a fundamentally driven, opportunistic “Hedge Fund Approach” that trades across capital structures of U.S. and non‑U.S. companies and a separate closed‑end approach focused on direct and secondary investments in private companies. Its described toolset includes leverage, options, futures, credit derivatives and other derivative instruments, and the brochure discloses that borrowing and derivatives may be employed in separately managed accounts as well as in pooled vehicles.

Compared with many managers that primarily run pooled vehicles, Luxor highlights a broad set of affiliated pooled vehicles and related arrangements, including allocating separately managed account capital into its affiliated funds and third‑party funds (with fee‑waiver mechanics for such allocations). The firm also discloses commodity and futures trading activity and reliance on CFTC exemptions rather than CPO registration, and it offers selective side‑letter transparency and capital‑introduction/referral arrangements that may differ from typical peers.