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Sandell Debuts New Activist Fund with $100mn in Assets
Firm founder Thomas Sandell hopes to reach $2 billion in assets for the new fund, which will focus on investment opportunities in the middle market.
Thomas Sandell, Sandell Asset Management (Bloomberg)Thomas Sandell’s New York-based firm Sandell Asset Management has officially launched its new activist hedge fund. The Castlerigg Active Investment Fund began operating in August with $100 million. Sandell hopes to eventually raise about $2 billion for the fund. It’s an ambitious goal that would
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