Seneca Capital Announces Rebranding to SCM Advisors
Source: SCM Advisors
February 1, 2007

Better Reflects Diversity and Scope Of Investment Offerings, Firm’s Evolution.
Gained $2.5B of New Assets in 2006

Seneca Capital Management LLC has become SCM Advisors LLC to better reflect the evolution of the firm’s growth, diversity and scope of investment offerings. 

“This is an exciting time for SCM Advisors and we look forward to taking our firm to the next level,” said Albert Gutierrez, Chief Investment Officer. “We are re-energized to continue meeting the needs of our clients and the changing landscape of the marketplace.“

SCM Advisors LLC continues to expand beyond its traditional core products to offer an increasingly diverse array of alternative fixed-income and equity solutions, including structured products (CDOs, CLOs), new growth equity products, and a recently-launched Full Discretion Fund that allows clients to access SCM’s best specialty fixed-income ideas within an innovative multi-sector vehicle.

“The firm continues to grow and diversify, yet we remain steeped in our heritage of sound fundamental research and attentive client service that remains the cornerstone of SCM Advisors,” says Gutierrez. “The investment philosophy and approach overseen by the same experienced investment teams remains the core foundation of our business.”

SCM Advisors LLC raised $2.5 billion in new assets under management in 2006, and the firm is expecting to match that growth in 2007 with the recent rollout of the Full Discretion Fund, other fund offerings and a number of structured products currently in the pipeline.