On May 23, 2011, pionline.com reported that hedge fund-of-funds managers Saguenay Capital (an S&K client) and Strathmore Capital will merge to create Saguenay Strathmore Capital.
On May 23, 2011, pionline.com reported that hedge fund-of-fund managers Saguenay Capital and Strathmore Capital will merge to create Saguenay Strathmore Capital. London-based Strathmore manages customized European hedge fund-of-funds separate accounts for institutional clients, while Purchase, New York-based Saguenay manages U.S.-focused commingled and customized separate account funds of funds. Combined, the firms have approximately $2 billion of assets under management and advice. The transaction will expand the combined companies’ geographic footprint to include London, New York and Toronto. The transaction is expected to be completed in July. A Seward & Kissel LLP team led by partner James Abbott, counsel Robert Chender and associates Meir Grossman and Kristin Switzer is representing Saguenay in connection with this transaction.
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