Saguenay, Strathmore Unite To Form US$2B FoF Manager

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...