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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...