Thomas Sandell

Last updated
Thomas Sandell
Born1960/1961 (age 58–59) [1]
ResidenceLondon, England
NationalitySwedish
Alma mater Uppsala University
Columbia University
OccupationHedge fund manager
Net worthIncrease2.svg £1.102bn (May 2019)
Spouse(s)Married
Children1

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.

Contents

Early life

He earned a bachelor's degree from Uppsala University. [1] He then spent 2 years in Paris covering European stocks for Atlantic Finance.[ citation needed ] He then earned an MBA at Columbia University. [1]

Uppsala University research university in Uppsala, Sweden

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 Private Ivy League research university in New York City

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.

Career

Sandell joined Bear Stearns in 1988, [1] and was a colleague of investment banker Ace Greenberg.[ citation needed ]

Bear Stearns American investment bank

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. [1]

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 Journal [2] and was included in "The Hedge Fund Hot 100". [3]

The Hedge Fund Journal is a monthly magazine focusing on the global hedge fund industry.

Other

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 ]

Institute of International Education non-profit organisation in the USA

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.

Personal life

He is married, with one child, and lives in London, England. [1]

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References

  1. 1 2 3 4 5 6 "Forbes profile: Thomas Sandell". Forbes. Retrieved 15 May 2018.
  2. "Home". www.ucitshedgefunds.com. Retrieved 15 May 2018.
  3. "The Hedge Fund Hot 100 2013 - Hedge Fund Insight". www.hedgefundinsight.org. Retrieved 15 May 2018.