Titan Advisors Acquires Saguenay Strathmore Capital

July 27, 2015

On July 1, 2015, Titan Advisors LLC announced that it had completed the acquisition of Seward & Kissel client Saguenay Strathmore Capital.


Titan Advisors LLC (“Titan”), based in Stamford, Connecticut, is an independent fund of hedge funds that manages commingled and custom portfolios for institutional investors and high-net-worth individuals, allocating primarily to liquid long/short equity, global macro/CTA and event-driven strategies.  Saguenay Strathmore Capital (“SSC”), founded in 2002 by former Bankers Trust executives Brian Walsh and David Dobell, builds and manages customized solutions for private investment funds, international institutions, pension funds, families and high-net-worth individuals.

Walsh and Dobell join Titan as partners and will work out of its Stamford office.  The Titan and SSC funds will continue to be managed by their respective investment teams.  With the addition of SSC, Titan’s firm assets under management will increase from $4 billion to approximately $5 billion.

The acquisition brings Titan to 46 employees, including a research team of 21 people.  The financial terms of the transaction were not disclosed.

A Seward & Kissel team led by partners Meir Grossman, Jim Abbott, Steve Nadel and James Cofer and counsel Robert Chender represented SSC in connection with the transaction, working in coordination with UK counsel Simmons & Simmons.

To read the press release, please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions