PSAM acquires stake in CdR Capital's London arm
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P. Schoenfeld Asset Management (PSAM), a leading global alternative asset manager, has purchased a minority stake in CdR Capital Ltd., the UK fund management arm of the Geneva headquartered private investment office.
The stake allows PSAM, which employs a research based fundamental investment approach that spans many business cycles, to capitalise on CdR Capital Ltd.’s asset allocation expertise as well as the skills of its London-based 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 Ltd. will be collaborating on joint ventures and building out bespoke client solutions.
“We have known the founders and partners of CdR Capital Ltd. 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 Ltd. in 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 Ltd.’s Kotlar-Bouget.
Together, PSAM and CdR Capital Ltd. have offices in Dubai, Geneva, London, Miami and New York, providing management and advisory services comfortably in excess of US$5 billion of investors’ capital.
For further information on CdR Capital contact +44 203 861 9900
For further information on PSAM contact: Steve Bruce/Taylor Ingraham, ASC Advisors +1 (203) 992-1230
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.
See website for further information on PSAM
CdR Capital was originally founded in 2012 by Omar Ayache and Steve Smith in Geneva as a private investment office, serving a core group of large families and institutions. It also has offices in London and Dubai as well as a joint-venture with CdR Hollander, whose principal offices are in Miami and São Paulo.