arallon Capital Management, L.L.C. is an American global investment firm that manages capital on behalf of institutions and individuals. The firm was founded by Tom Steyer in 1986. Headquartered in San Francisco, California, the firm employs approximately 165 professionals in eight countries around the world. Farallon primarily manages money for college endowments, foundations, and high net worth individuals. As of 2011, Farallon Capital Management is the 12th largest hedge fund in the world managing US $21.5 billion in assets.