New York City-based privately-sponsored hedge fund Sandell Asset Management Corp. invests in public stock markets worldwide. The company was founded in 1998 by Tom Sandell. It employs an event-driven international strategy to make its investments. Sandell Asset Management was founded in January 1998 and has offices in London and Hong Kong in addition to its NYC office. The company employs over 120 people worldwide, including over 50 investment professionals. Each Sandell site is supported by a locally based, international research team with extensive execution capabilities.
In the last two years, Sandell Asset Management has undergone some major changes. This includes the addition of 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-based private equity firm focused on investing in middle-market companies. Brady was most recently Vice President at Caxton-Iseman Capital, a New York-based private equity firm. Hercot joins the London office as a director of Mercer LLC in Paris.
Sandell Asset Management’s businesses include Castlerigg Capital, a leading global private equity group specializing in middle market investments across a wide range of industries. Castlerigg strives to work with strong management teams and family business owners to identify key business drivers and unlock growth opportunities. As part of Sandell Asset Management Corp. Castlerigg brings together a team of private equity professionals with the talent, resources and global reach of a leading private alternative wealth management firm.
Sandell Asset Management Corp. is the largest shareholder of Sybase, Inc. and has recently begun calling for changes within the company. Sandell believes the company is likely too slow to review strategic alternatives. Sybase hired Merrill Lynch shortly after Sandell called for changes at the company. In an October letter, Sandell provided a list of recommendations for Sybase to consider as it seeks to increase shareholder value. These include the IPO and spin-off of the mobility segment, share buybacks and/or the sale of all or part of the company. Sandell also said it will seek to elect three members to the board at the upcoming shareholders’ meeting to ensure the company takes action to improve its share price.
Sandell Asset Management says of itself: “We are committed to integrity, unwavering ethics, openness and fair dealing in everything we do. We understand that this is above all the lifeblood of our success.”