Bear M&A Chief Joins Hedge Fund P. Schoenfeld

Mar 7 2008 | 10:40am ET

A top Bear Stearns executive is jumping ship, joining New York hedge fund P. Schoenfeld Asset Management.

Louis Friedman, who led Bear’s mergers and acquisitions group and served as vice chairman of investment banking, will run a new strategy focused on private investments and long-term public holdings at P. Shoenfeld, which specializes in merger arbitrage and manages more than $3 billion. Friedman also joins the investment committee at his new home.

CEO Peter Schoenfeld will work with Friedman on the new strategy.

Friedman “brings a deep understanding of industry dynamics and possesses significant and relevant experience in both the public and private sectors, which will be critical as we expand into this new strategy under his leadership,” Schoenfeld said.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…