Hedge Fund Strategies

Long/Short Equity Strategy

Sandler Capital Management'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). From a top-down view, we rely on our assessment of the macroeconomic and credit environments and the identification of key themes and sector/industry trends, as well as positive and negative catalysts among sub-sector groups. Our investment professionals actively monitor the competitive landscape of numerous industries, continually evaluating developments in technology, regulatory shifts, and trends in consumer behavior and corporate usage. From a bottom-up perspective, we stress individual company and security-level fundamental analysis with a focus on the identification of growth in revenues and return on invested capital (ROIC). Our strategy typically has a net long bias, but may at times be market neutral or net short. The current strategy was developed by Andrew Sandler who has been managing the portfolio since June 1997. Andrew is supported by an assistant portfolio manager, seven analysts, three traders, and a separate two person credit team.

Long/Short Credit Strategy

Sandler Capital Management'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. This strategy 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 which we launched in January 2005.

For additional information about Sandler Capital Management, please contact Brent Benkovic at 212-754-8133 or brent@sandlercap.com.