Asset Alliance peers over the hedge, then invests accordingly. Founded in 1996, the company owns interests (up to a two-thirds stake) in about 10 investment management firms that specialize in hedge funds and related alternative investment strategies. It receives a proportional amount of revenue or net income from its affiliates. From offices in New York, London, and Dubai, the company serves institutional investors and high-net-worth clients and has more than $3 billion in assets under management. Insurance brokerage Arthur J. Gallagher owns approximately 20% of Asset Alliance.