Schoenfeld Launches European Event-Driven Hedge Fund

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.