PSAM Adds TIG's McVeigh To Senior Investment Team

Jun 20 2017 | 6:48pm ET

Close on the heels of announcing a partnership with Tages Capital for management of one of Tages’ UCITS-compliant long/short credit funds, P. Schoenfeld Asset Management (PSAM) has named former TIG Advisors executive John McVeigh as a deputy portfolio manager of U.S. merger arbitrage. 

McVeigh brings more than 12 years of investment experience in merger-related situations to PSAM, the company said in a statement. He was most recently a managing director at $1.5 billion global event-driven hedge fund TIG Advisors focused on M&A, corporate restructurings and merger related special situations. Beforehand, he was associate director of risk arbitrage at Bear Stearns & Co. from 2006-2008, where he served as an analyst on an eight-person team managing $2 billion of proprietary capital. He previously focused on software industry equity research at Bear Stearns from 2003-2006, and began his career in investment banking at CIBC World Markets.

“John will be a strong addition to our recognized teams in New York and London and will reinforce our long term commitment to the strategy,” said Peter Schoenfeld, founder, CEO and CIO of PSAM, in the statement. “His presence reflects our ongoing effort to expand our expertise and capabilities and exploit what we expect to be a rich set of opportunities in the global event-driven space.” 

PSAM was founded by Schoenfeld in 1997. It is a global event-driven alternative asset management firm with approximately $2.2 billion of assets under management deployed primarily across merger arbitrage, credit opportunities (including distressed/stressed) and special situations strategies.

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