Prior to founding PSAM, Mr. Schoenfeld was Vice Chairman of Schroder & Co. Inc. (together with its predecessors, including Wertheim & Co. Inc., “Schroder” – not to be confused with the British asset management company “Schroders”). PSAM assumed the event driven investment business of Schroder on December 31, 1996, including all the assets previously under the management of Schroder’s Event Arbitrage Department and substantially all of their professional staff.
Mr. Schoenfeld has over 40 years of event driven investing experience. During Mr. Schoenfeld’s career at Schroder, beginning in 1978, he managed proprietary trading activities and oversaw the arbitrage and convertible securities area, which included asset management for outside capital. Mr. Schoenfeld was also a member of Schroder’s Executive Committee and its Risk Management Committee. Prior to joining Schroder, Mr. Schoenfeld managed the arbitrage department of White Weld & Co. for six years as First Vice President