Thomas Steyer is a Senior Managing Member of Farallon Capital Management. He, together with Andrew J. M. Spokes, oversees the firms investment activities. Steyer has served as Farallon's managing partner since founding the company in 1986. Prior to that, Steyer worked in risk arbitrage at Goldman Sachs and as a financial analyst in Morgan Stanley's mergers and acquisitions department. Steyer has an MBA from Stanford and undergraduate degrees from Yale in economics and political science. In other words, he has all the experience and education needed to be successful in the financial world. Farallon uses a simple strategy. It looks to achieve the highest returns through using fundamental, bottom-up analysis. Steyer uses a variety of investment strategies, employing them on an opportunistic basis. These strategies include credit investments, value investments, event-driven investments, merger arbitrage, real estate investments, and direct investments. Farallon makes investments in economies around the world, including both developed and emerging markets, and public and private debt. Steyer determines the suitability of an investment independently on a fundamental basis. And, he must be doing something right. As of the end of 2011, Farallon was the 14th largest hedge fund in the world, with over $21 billion in assets under management.