- December 12, 2021
- Posted by: Robert Brown
- Category: Investing
The New York City based privately sponsored hedge fund, Sandell Asset Management Corp. invests in the public equity markets across the globe. The firm was founded in 1998 by Tom Sandell. It employs event driven international strategy to make its investments. Sandell Asset Management was founded in January 1998 and in addition to its NYC office it also has offices in London and Hong Kong. The company has a staff of over 120 globally, including over 50 investment professionals. Each Sandell location is supported by a locally based, international research team with full execution capabilities.
In the past two years Sandell Asset Management has undergone some big changes. These include adding Peter Rothschild, David Brady, and Philippe Hercot to its global private equity practice. Rothschild and Brady have been given positions as vice presidents in New York. Previously, Rothschild was a director at Levine Leichtman Capital Partners, a Los Angeles private equity firm focused on investments in middle market companies. Brady was most recently a vice president at Caxton-Iseman Capital, a New York based PE firm. Hercot joins the London office as a principal from Mercer LLC in Paris.
Among the divisions of Sandell Asset Management is Castlerigg Capital, a premier global private equity group dedicated to middle market investing across a broad variety of industries. Castlerigg seeks to partner with strong management teams and family business owners to identify key business drivers so as to unlock opportunities for growth. As part of Sandell Asset Management Corp., Castlerigg brings a team of private equity experts together with the talent, resources, and global reach of a leading private alternative asset management firm.
Sandell Asset Management Corp. is the largest shareholder of Sybase, Inc. and has recently begun to call for changes in the company. Sandell believes the company is likely moving too slowly in its review of strategic alternatives. Sybase hired Merrill Lynch soon after Sandell requested changes at the company. In an October letter, Sandell provided a list of recommendations for Sybase to explore as it attempts to increase shareholder value. These include the IPO and spinning off of the mobility segment, share repurchases and/or the sale of the company in whole or in part. Sandell additionally said it would seek to elect three members to the board at the upcoming shareholders’ meeting to ensure the company takes action to improve its stock price.
Sandell Asset Management says of itself: “We are committed to integrity, unwavering ethics, forthrightness and fair dealing in all that we do. We understand this, above all else, is the lifeblood of our success.”