Industry Updates

Saguenay Capital and Strathmore Capital merge to create $2bn Saguenay Strathmore Capital

Monday, May 23, 2011

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Opalesque Industry Update - Saguenay Capital and Strathmore Capital announce the merger of the two firms to create Saguenay Strathmore Capital [SSC], a global alternative investment manager focused on customised fund of hedge fund portfolios with offices in New York, London and Toronto and US$2billion in combined assets under management and advice. Completion of the transaction is subject to regulatory approvals and is expected in July 2011.

Saguenay Capital, based in New York, was established in 2002 by Brian Walsh and David Dobell to manage bespoke alternative portfolios for a client base of international institutions and family offices. Its investment team has worked together for over 20 years at Saguenay and prior financial institutions. Strathmore Capital, based in London, was founded in 2003 by Stephen Harper to provide alternative investment advice and portfolio management to large institutional investors. Since inception, Strathmore has worked in partnership with its clients to develop a highly transparent investment process and bespoke reporting.

The combination of Saguenay’s extensive US manager coverage and Strathmore’s European manager research will extend the reach of the merged group. In addition, Saguenay’s team of senior fund managers, with its successful track record and experience in managing customised global hedge fund portfolios, complements Strathmore’s rigorous investment processes, deep operational due diligence and risk analytics platform developed for some of the world’s most sophisticated investors.

The SSC management team will reunite former senior Bankers Trust executives who share a long and successful history of working together in banking and asset management. Brian Walsh, former co-Head of the Global Investment Bank at Bankers Trust becomes Chairman and Chief Investment Officer and Stephen Harper, former Bankers Trust Senior Managing Director, becomes Chief Executive Officer. David Dobell and John Murphy, who become co-Heads of Research, are also ex-Bankers Trust executives. Emlyn Palmer becomes Chief Operating Officer of SSC.

Brian Walsh, Chairman and Chief Investment Officer, SSC, said, “There is a strong common purpose inherent in our two businesses, making the strategic rationale straightforward. Ultimately, we share the same values, ambition and vision for the combined group in building a dynamic alternative investment manager focused on superior risk-adjusted returns for our clients.”

Stephen Harper, Chief Executive Officer, SSC, said, “This is a growth merger where the synergies of combining deep market experience with institutional processes strengthen the value proposition for all our clients.”Corporate website:Source
KMbn

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