|Born||1960/1961 (age 58–59)|
|Alma mater|| Uppsala University |
|Occupation||Hedge fund manager|
Thomas Sandell (born 1960/1961) is a billionaire Swedish hedge fund manager, based in London.
A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion units of a given currency, usually major currencies such as the United States dollar, the euro or the pound sterling. Additionally, a centibillionaire has been deemed applicable to a billionaire worth one hundred billion dollars (100,000,000,000), a mark first achieved in 2017 by Amazon founder Jeff Bezos, with a net worth of $112 billion in a report issued in early 2018. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916, and still holds the title of history's wealthiest individual.
A hedge fund is an investment fund that pools capital from accredited investors or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk management techniques. It is administered by a professional investment management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds and regarded as alternative investments, as their use of leverage is not capped by regulators, and distinct from private equity funds, as the majority of hedge funds invest in relatively liquid assets. However, funds which operate similarly to hedge funds but are regulated similarly to mutual funds are available and known as liquid alternative investments.
He earned a bachelor's degree from Uppsala University. [ citation needed ] He then earned an MBA at Columbia University.He then spent 2 years in Paris covering European stocks for Atlantic Finance.
Uppsala University is a research university in Uppsala, Sweden, and is the oldest university in Sweden and all of the Nordic countries still in operation, founded in 1477. It ranks among the world's 100 best universities in several high-profile international rankings. The university uses "Gratiae veritas naturae" as its motto and embraces natural sciences.
Columbia University is a private Ivy League research university in Upper Manhattan, New York City. Established in 1754, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence, seven of which belong to the Ivy League. It has been ranked by numerous major education publications as among the top ten universities in the world.
Sandell joined Bear Stearns in 1988, [ citation needed ]and was a colleague of investment banker Ace Greenberg.
The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. Its main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis.
In 1998, Sandell set up Sandell Asset Management, a hedge fund with its headquarters in New York.
The company's business focus on global risk arbitrage, equity special situations and credit opportunities. Its UCITS hedge fund was awarded Best Performing Risk Arbitrage Fund by The Hedge Fund Journaland was included in "The Hedge Fund Hot 100".
The Hedge Fund Journal is a monthly magazine focusing on the global hedge fund industry.
Sandell is a founding board member of The New Leader's Group of the Institute of International Education, the administrator of the United States Government's Fulbright Program.[ citation needed ] He is also a Trustee of Friends of ARK (Absolute Return for Kids), a charity focused on supporting a variety of initiatives that fight disease, abuse and poverty afflicting children around the globe.[ citation needed ]
The Institute of International Education (IIE) is a 501(c) organization which focuses on International Student Exchange and Aid, Foreign Affairs, and International Peace and Security. IIE creates programs of study and training for students, educators and professionals from various sectors. The organization says its mission is to "build more peaceful and equitable societies by advancing scholarship, building economies and promoting access to opportunity".
The Fulbright Program, including the Fulbright–Hays Program, is one of several United States Cultural Exchange Programs whose goal is to improve intercultural relations, cultural diplomacy, and intercultural competence between the people of the United States and other countries through the exchange of persons, knowledge, and skills. It is one of the most prestigious and competitive fellowship programs in the world. Via the program, competitively-selected American citizens including students, scholars, teachers, professionals, scientists and artists may receive scholarships or grants to study, conduct research, teach, or exercise their talents abroad; and citizens of other countries may qualify to do the same in the United States of America. The program was founded by United States Senator J. William Fulbright in 1946 and is considered to be one of the most widely recognized and prestigious scholarships in the world. The program provides 8,000 grants annually.
He is married, with one child, and lives in London, England.
Long-Term Capital Management L.P. (LTCM) was a hedge fund management firm based in Greenwich, Connecticut that used absolute-return trading strategies combined with high financial leverage. LTCM was founded in 1994 by John W. Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron S. Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economic Sciences for a "new method to determine the value of derivatives".
John William Meriwether is an American hedge fund executive.
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the market. In 2018, Institutional Investor (magazine) reported that among hedge funds, D. E. Shaw & Co. had delivered the fifth-highest returns in the world since its inception.
Proprietary trading occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money, aka the nostro account, contrary to depositors' money, in order to make a profit for itself. Proprietary traders may use a variety of strategies such as index arbitrage, statistical arbitrage, merger arbitrage, fundamental analysis, volatility arbitrage or global macro trading, much like a hedge fund. Many reporters and analysts believe that large banks purposely leave ambiguous the proportion of proprietary versus non-proprietary trading, because it is felt that proprietary trading is riskier and results in more volatile profits.
Steven A. Cohen is an American investor, hedge fund manager, and philanthropist. He is the founder of Point72 Asset Management and S.A.C. Capital Advisors both based in Stamford, Connecticut. Time Magazine ranked him 94th in 2007 on its annual Time 100 list of most influential people. In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine. As of April 2019 he has an estimated net worth of US$12.8 billion.
Kenneth Cordele Griffin is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of the global investment firm Citadel, founded in 1990. As of March 2015, Citadel is one of the world's largest alternative investment management firms with an estimated $25 billion in investment capital. Forbes identified Griffin as one of 2012's highest earning hedge fund managers as well as one of the Forbes 400.
David Alan Tepper is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina Panthers of the National Football League (NFL). Tepper is also the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.
Raymond Dalio is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. Bloomberg ranked him as the world's 58th wealthiest person in June 2019.
Angelo Gordon is a global alternative investment manager founded in November 1988 by John M. Angelo and Michael L. Gordon who together ran the arbitrage department of L.F. Rothschild in the 1980s.
Farallon Capital Management, L.L.C. is an American investment firm that manages capital on behalf of institutions and individuals. The firm was founded by Tom Steyer in 1986. Headquartered in San Francisco, California, the firm employs approximately 165 professionals in eight countries around the world.
Daniel Och is an American billionaire investor, hedge fund manager, and philanthropist. He is the founder, chairman and former CEO of Och-Ziff Capital Management Group, a global hedge fund and alternative asset management firm.
Jonathan Kinlay is a quantitative researcher and hedge fund manager. He is founder and CEO of Systematic Strategies, LLC, a systematic hedge fund that deploys high-frequency trading strategies using news-based algorithms.
Israel Englander is an American investor, hedge fund manager, and philanthropist. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with $35 million. As of 2018 has $37.9 billion in assets under management. With a personal net worth of $6 billion, he is the 98th richest person in the United States and was the 5th highest earning hedge fund manager in 2018.
Artradis Fund Management, founded in 2002, was an Asian long volatility biased multi strategy alternative asset manager with operations centered in Singapore and presence in the BVI and Switzerland. Its flagship funds, Barracuda and AB2, conducted market-neutral trading strategies including index arbitrage, warrant arbitrage, stock class arbitrage, convertible bond arbitrage, volatility arbitrage, volatility dispersion, and dividend arbitrage. A common theme through these strategies was to be long tail risk, primarily through volatility.
James Gerard Dinan is an American investor, hedge fund manager, philanthropist. He founded York Capital Management in 1991.
Pine River Capital Management L.P. is an asset management firm. The firm trades stocks, fixed income, derivatives, warrants and listed investment vehicles. As of 2018 the company manages approximately US$7 billion across three actively managed platforms: hedge funds, managed accounts and listed investment vehicles to support a number of strategies including interest rates, mortgages, equity long/short, event-driven equity, and global convertible bond arbitrage. The company is currently managed by founder and CEO Brian Taylor and 17 partners.
Davidson Kempner Capital Management LP is a global institutional investment management firm with over $30 billion in assets under management. The firm was founded in May 1983 by Marvin H. Davidson and is led by Thomas L. Kempner, Jr. and Anthony A. Yoseloff, who are Co-Executive Managing Members at the firm.
Russell Abrams is an American hedge fund manager and entrepreneur who is the founder of Russellcar, a taxi cab company in Buenos Aires.
John Albert Overdeck is an American billionaire hedge fund manager and philanthropist. Overdeck is the co-founder and co-chairman of Two Sigma Investments, a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. In 2016, Overdeck reported $375 million in earnings and as of May 2017, Two Sigma Investments has $41 billion in assets under management.