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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...