Sandell AM mulls second UCITS hedge fund launch
Wed Dec 8, 2010
Merger and acquisitions activity is expected to grow in 2011 because largest companies have amassed almost $3 trillion of cash on their balance sheets, according to Thomas Sandell, New York-based founder of Sandell Asset Management.
The 1,000 largest companies by market value worldwide have
amassed about $2.87 trillion in cash and equivalents (a figure
excluding financial services firms), he says. This, coupled
with the low interest rate environment, has made it ripe for
These improving market conditions have prompted Sandell AM
to consider launching a second UCITS fund focusing on special
events next year.
Thomas Sandell founder of Sandell Asset Management.
Swedish-born Sandell says deal activity had a slow start to
2010. He says: "There is a lot of cash on corporate balance
sheets. Historically low interest rates...
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