Thu, Sep 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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

Monday, May 23, 2011
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

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Investing - Hedge funds express interest in acquiring Terraform's class B shares, REIFs: A new opportunity for foreign real estate investors, $21bn distressed expert hedge fund likes these 4 ideas, This merger arbitrage ETF is drawing increased interest, Investors look to emerging Asia for returns[more]

    Hedge funds express interest in acquiring Terraform's class B shares From Thecountrycaller.com: The US residential solar provider, Sunedison Inc. has received a bid from hedge fund manager D.E Shaw & Co LP for controlling a stake in its Yieldco TerraForm Power Inc. According to Reuters,

  5. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin