Schoenfeld Launches European Event-Driven Hedge Fund

Oct 22 2007 | 10:48am ET

New York-based P. Schoenfeld Asset Management has launched its third hedge fund with $100 million. The PSAM Europe fund, a European event-driven offering, invests in mergers and acquisitions, special situations and credit.

The fund is managed from the firm’s London office, which is headed by Daniel Goldwater, and can employ up to two-times leverage, according to a source with knowledge of the situation. The source said it finished its first quarter in positive territory up 1.3% net of fees, and has a $500 million fundraising target.

PSAM Europe charges fees of 2% for management and 20% for performance, with a  minimum investment requirement of $1 million or €1 million.

Peter Schoenfeld founded the eponymous firm in 1997. It currently manages some $4 billion in total assets in a global credit fund and a global event driven fund.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note