Titan Advisors has completed the acquisition of Saguenay Strathmore Capital (SSC), a 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 customised solutions across long/short equity, global macro and fixed income hedge fund strategies.
SSC was founded in 2002 by former Bankers Trust executives Brian Walsh and David Dobell. The firm focuses on building and managing customised solutions for its clients, which include private investment funds, international institutions, pension funds, families, and high-net-worth individuals.
"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," says George Fox, president and founder of Titan.
As part of the transaction Walsh and 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 USD4 billion to approximately USD5 billion.
