Sandell preps credit, merger arb funds

Tue Dec 15, 2009

These will be the first single strategy launches for the $2 billion multistrategy firm

Tom Sandell's $2 billion Sandell Asset Management is preparing to launch two new funds on Jan. 4, the firm's first single-strategy hedge funds. Castlerigg Merger Arbitrage Fund and the Castlerigg Credit Opportunity Fund will roll out with approximately $50 million each in partners' capital.

The flagship Castlerigg Master Investments already invests in both credit and merger arbitrage but due...


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