P. Schoenfeld CEO tells Reuters Summit about fund deals

In an exclusive report out of the latest Reuters Global Private Equity and Hedge Funds Summit on March 23, the CEO of P. Schoenfeld Asset Management LLC said his firm is in talks to acquire three hedge funds with $200 million to $400 million each in assets under management. Chief Executive Peter Schoenfeld said at the Reuters Private Equity and Hedge Funds Summit that his fund was also looking at hiring people to take advantage of the massive Wall Street layoffs. Dow Jones picked up the story as did the New York Times` DealBook blog. Bloomberg did not have the report.