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Sandler's long/short equity strategy is aimed at achieving capital appreciation across shifting economic and market environments by focusing on secular growth businesses (long) and secularly challenged businesses (short). The funds invest across a broad range of industries and typically have a net long bias, but may at times be run market neutral or net short. Andrew Sandler has been the Portfolio Manager for the long/short equity funds sine June 1997. He is supported by an investment team of seven analysts and two traders as well as the resources of a two person credit team managing a separate long/short credit fund.
Formed in 1980, Sandler Associates is our domestic long/short equity fund for qualified purchasers. Subscriptions are made monthly and redemptions are made quarterly. As of December 31, 2009, the fund had $301 million in assets.
Formed in 2001, Sandler Associates II is a mirror fund to Sandler Associates for accredited investors. Subscriptions are made monthly and redemptions are made quarterly. As of December 31, 2009, the fund had $13 million in assets.
Formed in 1996, Sandler Offshore Fund is a mirror offshore fund to Sandler Associates. Subscriptions and redemptions are made monthly. As of December 31, 2009, the fund had $40 million in assets.
Formed in 2005, Sandler Plus is managed identically to our other long/short equity funds, but with higher leverage. Sandler Plus utilizes a "master-feeder" fund structure and includes domestic and offshore vehicles. Subscriptions are made monthly and redemptions are made quarterly after a one-year lock-up. As of December 31, 2009, the fund had $77 million in assets.
Sandler's long/short credit strategy aims to achieve capital appreciation as well as return from interest and dividend income over shifting economic and market environments. The fund focuses on corporate credit opportunities and encompasses both long and short investments across the capital structure of publicly-traded companies. Douglas Schimmel is the Portfolio Manager for the strategy.
Formed in 2005, the Sandler Capital Structure Opportunities Fund utilizes a "master-feeder" fund structure and includes domestic and offshore vehicles. Subscriptions are made monthly and redemptions are made quarterly after a one-year lock-up. As of December 31, 2009, the fund had $34 million in assets.
For additional information please contact Brent Benkovic at 212-754-8133.
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