Sandler Closes Long/Short Fund After Assets Balloon

Oct 5 2011 | 11:01am ET

After more than tripling its assets under management over the past year-and-a-half, Sandler Capital Management is taking a breather.

The New York-based alternative investments firm has closed its long/short hedge funds to new investment for at least six months. The strategy has grown by more than 200%, including leverage, HFMWeek reports, with the fund and its levered version now managing $2.6 billion. Strong performance and investor inflows are behind the big jump in assets.

Sandler told investors it will take the next few months to determine how much bigger the strategy can get while remaining nimble before reopening.

"We will further enhance our infrastructure during this period for our larger asset base, and will have taken on at least three new hires in 2011," the firm wrote.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note