Stanfield Capital Spins Off Hedge Fund Group

May 17 2007 | 9:57am ET

Credit-based specialist shop Stanfield Capital Partners has signed a definitive agreement to separate its hedge fund strategies group into an independent firm under the continued leadership of Christopher Pucillo, partner and head of hedge fund strategies.

Under the agreement, Pucillo’s new management company, Solus Alternative Asset Management, will replace Stanfield as the investment manager of the hedge funds that the latter firm advises. Terms of the transaction, which is expected to close no later than June 30, were not disclosed.

Dan Baldwin, Stanfield’s managing partner and CEO, said the separation of the hedge fund group represents a “natural step” in the continued growth and development of Stanfield’s business enabling the firm to focus on its credit-based core leveraged loan and structured products business, upon which it was founded almost 10 years ago.

“Overall, this is an excellent transaction for both Stanfield and the hedge fund group, allowing each business to focus on its unique market opportunities and strategies.”

Pucillo said there will be no changes to the operations of the hedge fund group – the current portfolio management and research teams will remain in place and the underlying strategy and focus of the group’s funds will remain the same.

New York-based Stanfield was founded in 1998 and managed some $11.2 billion in assets as of the end of December 2006.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note