The MS PSAM Global Event UCITS Fund (the “Fund”) seeks to provide shareholders with access to a Global Event-Driven investment strategy (the “PSAM Investment Strategy”). The strategy seeks to achieve superior risk adjusted returns associated with exposure to the equity, debt and other securities (including, without limitation, convertible or preferred stock and bonds) of companies which, in the opinion of the Investment Manager, are mispriced relative to their inherent or embedded value. As Investment Manager, P. Schoenfeld Asset Management LP (“PSAM”) will also gain exposure to such securities through the use of financial derivative instruments in relation to such securities. PSAM further believes that the mispricings are generally attributable to a corporate action or corporate event including, but not limited to: merger activities, credit activities and special situation activities.
PSAM was founded in 1997 by Peter Schoenfeld who has over 30 years of experience managing global event driven portfolios. PSAM, which managed $2.2 billion of assets as of 01 July 2018, has offices in New York and London and has a long tenured and highly skilled team which has managed money through multiple market cycles (45 employees, including 22 investment professionals of which 4 Portfolio Managers and 1 Deputy Portfolio Manager). PSAM’s focus is on global event driven investments composed of both equity and credit instruments. PSAM’s international expertise uniquely positions itself to be able to achieve attractive absolute returns by investing in international consolidations, corporate restructurings, spin-offs and bankruptcies.