Sunday, 19 April 2015
Last updated 5 hours ago
May 23 2011 | 8:45am ET
Saguenay Capital and Strathmore Capital are merging to create a US$2 billion fund of funds manager called Saguenay Strathmore Capital.
The merger brings together Saguenay’s extensive U.S. manager coverage with Strathmore’s European manager research.
New York-based Saguenay was established in 2002 by Brian Walsh and David Dobell to manage alternative portfolios for institutions and family offices while Strathmore, established in 2003 by Stephen Harper, advises institutional investors on alternative investments. Walsh, who becomes chairman and CIO of the new firm; Dobell, who becomes a co-head of research; and Harper, who will be CEO are all Bankers Trust vets, as is John Murphy, also a co-head of research. Emlyn Palmer will be SSC’s chief operating officer.
Said Walsh: “There is a strong common purpose inherent in our two businesses, making the strategic rationale straightforward. Ultimately, we share the same values, ambition and vision for the combined group in building a dynamic alternative investment manager focused on superior risk-adjusted returns for our clients.”
The new firm will have offices in New York, London and Toronto. Regulatory approval of the merger is expected by July 2011.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…