P. Schoenfeld Asset Management LP (New York)

P. Schoenfeld Asset Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

P. Schoenfeld Asset Management: assets under management

The assets under management (AUM) of P. Schoenfeld Asset Management LP is $2.65 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 84% since the beginning of its operation, and $2.49 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.65 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $110.21 million each.

P. Schoenfeld Asset Management has custody of $1.04 billion in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay P. Schoenfeld Asset Management LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients P. Schoenfeld Asset Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of P. Schoenfeld Asset Management is pooled investment vehicles with 22 clients and $2.5 billion of assets under management. Among the 7 most similar advisory firms, P. Schoenfeld Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.65 billion for 24 clients. 67% of the firm’s clients are foreign persons or businesses.

P. Schoenfeld Asset Management also advises several private funds. Namely, five hedge funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at P. Schoenfeld Asset Management LP

The company employs 41 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in New York

The principal office where P. Schoenfeld Asset Management LP performs its advisory services is located at 1350 Avenue Of The Americas, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-649-9500 or by fax 212-649-9515. The normal business hours are 8:00 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at psam.com.

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