Sunday, 29 November 2015
Last updated 1 day ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…