P. Schoenfeld Asset Management has acquired a minority stake in UK and Switzerland-based CdR Capital, a private investment office. No financial terms were disclosed.
NEW YORK and LONDON, June 26, 2017 /PRNewswire/ — P. Schoenfeld Asset Management (PSAM), a leading global alternative asset manager, has purchased a minority stake in CdR Capital, a UK and Geneva headquartered private investment office.
The stake allows PSAM, which employs a research based fundamental investment approach that spans many business cycles, to capitalize on CdR Capital’s asset allocation expertise as well as the skills of its quantitative investment teams.
With this transaction, the event-driven specialist will be more responsive to the needs of its global clients. As part of the agreement, PSAM and CdR Capital will be collaborating on joint ventures and building out bespoke client solutions.
“We have known the founders and partners of CdR Capital for many years and their approach is thoughtful and innovative. We are excited to partner with them as we enhance two decades’ investment experience so we can best serve both our current and future clients,” said Caroline S. Greenwald, Partner at PSAM.
“We are delighted to be joining forces with PSAM, an industry veteran with more than 20 years of fundamental investment experience and impeccable reputation,” said Leila Kotlar-Bouget, Partner at CdR Capital, London.
“There are a number of interesting investment opportunities that emerge when we combine our skills, and we are looking forward to capitalizing on the synergies across the investment teams to design bespoke solutions,” added CdR Capital’s Kotlar-Bouget.
Together, PSAM and CdR Capital have offices in Dubai, Geneva, London, Miami, New York and São Paulo, providing management and advisory services comfortably in excess of US$5 billion of investors’ capital.
Founded by Peter Schoenfeld in 1997, P. Schoenfeld Asset Management (PSAM) is a leading global alternative asset management firm with approx. US$2.2 billion of assets under management. PSAM utilizes a fundamental research based approach to analyze corporate events that may alter the control, capital structure or corporate strategy of an organization. Merger related investments, Credit Opportunities and Global Special Situations are the three main strategies where investments are focused.
About CdR Capital
Founded in 2012, the CdR group (CdR) and its affiliates have fee earning assets in excess of US$3 billion across traditional and alternative investment strategies, including risk premia, for institutional investors, private clients and family offices. CdR Capital and its affiliates currently have offices in London, Geneva, Dubai, Miami and São Paulo.