Tuesday, 24 November 2015
Last updated 2 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…