P. Schoenfeld Bets on Deals

Event-driven specialist PSAM has sharply ramped up its exposure to merger investments.

Peter Schoenfeld (Peter Foley/Bloomberg)

Peter Schoenfeld

(Peter Foley/Bloomberg)

P. Schoenfeld Asset Management is bullish on deals.

The event-driven-oriented hedge fund firm has sharply ramped up its exposure to merger arbitrage opportunities.

The firm, founded in 1997 by Peter Schoenfeld, emphasizes three strategies: merger investments, credit — including distressed and stressed obligations — and special situations.

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