Sandell goes single-strat route

Many new investors have an appetite for merger arbitrage.

December 18, 2009

Tom Sandell's $2 billion Sandell Asset Management is preparing to launch two new funds on January 4, the firm's first single-strategy hedge funds. Castlerigg Merger Arbitrage Fund and the Castlerigg Credit Opportunity Fund, will roll out with approximately $50 million each in partners' capital."Many new

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