[1] Before starting Farallon, Steyer had worked for San Francisco-based private equity firm Hellman & Friedman, as a risk arbitrage trader under Robert Rubin at Goldman Sachs, and in Morgan Stanley's corporate mergers and acquisitions department.

[8] In 1987, Steyer, who received his bachelor's degree from Yale, approached the university's endowment to allocate funds for Farallon to manage.

[12][13][14] In 1999, Farallon bought a direct stake in an Argentine shoe company, which helped stabilize profitability as Argentina recovered from an economic crisis.

[16] At the time, many of Indonesia's banks were on the verge of collapse because of bad loans made during President Suharto's term and the country was seen as dangerous for foreign investment.

[1][8] In March 2010, Farallon announced plans to refocus its investing on risk arbitrage and credit wagers and lessen its equity exposure.

"[18] In 2007, Farallon in partnership with Simon Property Group and other hedge funds purchased Mills Corp, a real estate investment trust.

[4] Farallon operates offices in San Francisco, São Paulo, Tokyo, Singapore, London, Hong Kong.