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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.