P. Schoenfeld Asset Management LP (“PSAM”), have announced that John McVeigh has joined the firm as a Deputy Portfolio Manager of US Merger Arbitrage. McVeigh brings more than 12 years of investment experience in merger related situations to PSAM. Most recently, he was a Managing Director at TIG Advisors, a global event-driven fund focused on M&A, corporate restructurings and merger related special situations with more than $1.5 billion in assets under management.
“John will be a strong addition to our recognized teams in New York and London and will reinforce our long term commitment to the strategy. His presence reflects our ongoing effort to expand our expertise and capabilities and exploit what we expect to be a rich set of opportunities in the global event driven space,” said Peter M. Schoenfeld, Founder, CEO and CIO of PSAM. “We are confident that he will bring valuable insights and experience to our investment process, helping us build on our recent momentum and continue to deliver strong results for our investors.”
“PSAM has always been a leading name in the event-driven and M&A space, and I am thrilled about this opportunity,” said McVeigh. “PSAM has an impressive track-record spanning 20 years, and I look forward to helping to continue to build upon its success.”
McVeigh is a seasoned investment professional. Prior to joining Tiedemann Investment Group in 2008, he was Associate Director of Risk Arbitrage at Bear Stearns & Co. (from 2006-2008), where he served as an analyst on an eight person team managing $2 billion of proprietary capital, and a Vice President of Equity Research focused on software at Bear Stearns prior to that (from 2003-2006). He began his career at CIBC World Markets in Investment Banking.