Sunday, 19 April 2015
Last updated 3 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…