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Firms Merge to Form Alternative Investment Manager
Saguenay Strathmore Capital (SSC) will focus on customized fund of hedge fund portfolios with offices in New York, London and Toronto.
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.
According to the announcement, 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.
Completion of the transaction is subject to regulatory approvals and is expected in July 2011.