Titan Advisors To Acquire Saguenay Strathmore Capital
STAMFORD, Conn., July 1, 2015 /PRNewswire/ -- Titan Advisors, LLC ("Titan") announced today that it has completed the acquisition of Saguenay Strathmore Capital ("SSC"), a leading fund of hedge funds business with a 13-year track record and an emphasis on credit-related strategies.
SSC's expertise in credit complements Titan's long history of success in the liquid long/short equity and global macro/CTA sectors. The deal brings together two highly complementary businesses where the combined entity will be an even more powerful investment engine, offering clients access to expertise, due diligence capabilities and customized solutions across long/short equity, global macro and fixed income hedge fund strategies.
"Brian and David have built a firm in SSC that has an exceptional reputation for innovative and differentiated products. They are very well respected in the industry and their team is a great cultural fit with Titan," said George Fox, president and founder of Titan.
SSC was founded in 2002 by former Bankers Trust executives Brian Walsh and David Dobell. The firm focuses on building and managing customized solutions for its clients, which include private investment funds, international institutions, pension funds, families, and high-net-worth individuals.
As part of the transaction Mr. Walsh and Mr. Dobell join Titan as partners, and will work out of Titan's Stamford office. The Titan and SSC funds will continue to be managed as they have been historically, by their respective investment teams. Titan's firm assets, which have recently been close to peak levels, will go from $4 billion to approximately $5 billion.
With the acquisition, Titan now has a total of 46 employees, including a research team of 21 people. The newly integrated staff has been working together for close to two months, in what has been a seamless transition.
About Titan Advisors, LLC
Established in 2001, Titan Advisors, LLC is one of the largest, independent fund of hedge funds businesses in the United States. Titan manages commingled and custom portfolios for an investor base that includes institutional and high-net-worth individuals. Allocating primarily to liquid long/short equity, global macro/CTA and event-driven strategies, Titan seeks to generate attractive, risk-adjusted returns over time.
For more information, visit: www.titanadvisors.com or contact Communications Director Claude Colabella at 203.327.8570.
SOURCE Titan Advisors, LLC
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