Hedge fund Sandell Asset Management announced that it has hired several new senior executives to the firm.
Sandell, which has offices in New York and London, said in a statement released last month that it has promoted Daniel Walton, who has been with the firm since 2004, to the role of managing director and also added two managing directors to its global investment team.
Based in the firm’s London office, Felix Lo came from Granite Fund Advisors, a Hong Kong-based hedge fund he co-founded in 2010. Previously, Lo was an analyst at Sandell for three years.
Richard Mansouri, who will work out of Sandell’s New York office in his new role, was most recently a portfolio manager and managing member at Ridge Road Asset Management.
Sandell explained that the changes come at a time when Sandell “expect[s] hard-catalyst investing, such as spin-offs, breakups, recapitalizations, divestitures, REIT conversions, MLP Drop-downs and activism to remain attractive for an extended period of time.”
Founded in 1998 by Tom Sandell, Sandell is multi-strategy fund that focuses primarily on risk arbitrage, equity special situations and credit opportunities.