Scott Schefrin
5 Years at AB|30 Years of Experience
Scott Schefrin is the Portfolio Manager of the AB Hedge Fund Solutions’ Systematic Merger Arbitrage strategy. From 2011 to 2015, Scott worked at Magnetar Capital, where he served as a portfolio manager for the firm’s event-driven business and was a member of its investment committee. Prior to joining Magnetar, Schefrin was a senior managing director and head of merger arbitrage at Cantor Fitzgerald. From 1993 to 2008, he worked at Bear Stearns, where he was global head of the firm’s risk arbitrage, event-driven and capital structure arbitrage businesses from 2003. In this capacity, he served as portfolio manager of the firm’s $2.5 billion global proprietary portfolio and manager of its 35+ member professional team. From 2000 to 2005, Schefrin was also president and general partner of North Creek Partners, the investment advisor to the Bear Stearns Global Equity Arbitrage Funds ($675 million in AUM). He was also a senior managing director and a member of the President’s Advisory Council at Bear Stearns. Schefrin holds a BS from the University of Michigan and an MBA from Columbia Business School.
Published Work
As the US continues to build back from the COVID-19 pandemic, M&A activity is healthy and fewer deals are falling through. We think this landscape shapes up very favorably for systematic strategies that have the potential to isolate merger arbitrage returns at a lower cost.
Merger arbitrage can create highly attractive returns. But there's a big problem: hedge fund managers typically take 30% - 50% in fees. We advocate a smarter way to approach merger arbitrage investing, with much lower fees.