5 Best Stocks Under $10 in 2022

3. GCM Grosvenor Inc. (NASDAQ:GCMG)

Number of Hedge Funds: 25

Stock Price as of February 8: $8.82

GCM Grosvenor Inc. (NASDAQ:GCMG) is an alternative asset management company based out of Chicago. The hedge fund has an asset under management (AUM) of roughly $70 billion and employs nearly 500 professionals. GCM Grosvenor Inc. (NASDAQ:GCMG) provides customized investment solutions according to the preference and risk profile of the client. Over 95% of the investors are institutional-like corporations, financial institutions, insurance companies, sovereign wealth entities, and pension funds.

On December 24, Adam Beatty at UBS commenced coverage of GCM Grosvenor Inc. (NASDAQ:GCMG) stock with a price target of $18 and a Neutral rating. Beatty has a positive stance on GCM Grosvenor Inc. (NASDAQ:GCMG) as the company has been able to scale its operations by employing extensive experience and relationships related to limited partner (LP) fundraising. However, the analyst also noted that the hedge fund-styled absolute return business has grown at half the pace as compared to the operations of the private asset. Beatty believes that at the current valuation, the risk and return profile of GCM Grosvenor Inc. (NASDAQ:GCMG) is “balanced.”