Hedge Funds

Sandell, Perry execs start event-driven fund


James Cacioppo and Nathaniel Klipper, previously of Sandell Asset Management and Perry Capital, respectively, have recently begun trading their own event-driven fund. One East Partners was launched with approximately $450 million in capital.

The New York-based multi-event fund invests in both equity and debt, primarily in North America and Europe. Cacioppo heads up equity investments, while Klipper is responsible for the debt side. The pair evaluates and manages distressed opportunities together.

Based in NewYork, the multi-event fund will invest in equity and debt in North America and Europe

Until recently, Cacioppo served as president and co-portfolio manager of Sandell Asset