Sandell Asset Management, headed by Tom Sandell in New York,
is the latest leading US-based firm to line up plans for a
UCITS fund targeted at onshore investors in Europe, as well as
preparing a new hedge fund based on the credit portion of its
flagship multi-strategy vehicle.
The firm is best known hitherto for its Castlerigg Master
Investments multi-strategy fund, which spans event-driven and
credit strategies and has a proud track record that has
produced annual compound gains of close to 10% since its
inception in 1998.
That overall return has also been...