Sandell Asset Management Corp. (New York)

Name: Sandell Asset Management Corp.
Address: 540 Madison Avenue, New York, NY, 10022
Telephone: 212-603-5700

Sandell Asset Management Corp. is a large advisory firm based in New York. It manages $491.21 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2010.

Sandell Asset Management Corp provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sandell Asset Management Corp: assets under management

The assets under management (AUM) of Sandell Asset Management Corp. is $491.21 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -55% since the beginning of its operation, and $247.92 million of the total AUM is attributable to clients outside of the United States.

The firm manages $491.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $30.7 million each.

Sandell Asset Management Corp has custody of $72.9 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sandell Asset Management Corp. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sandell Asset Management Corp serves?

The only and largest group of clients of Sandell Asset Management Corp is pooled investment vehicles with 10 clients and $289.23 million of assets under management. Among the 8 most similar advisory firms, Sandell Asset Management Corp has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $289.23 million for 10 clients. 83% of the firm’s clients are foreign persons or businesses.

Sandell Asset Management Corp also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Sandell Asset Management Corp.

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Eric Sandell	Chief executive officer, sandell asset management corp.	1 Oct 1997	Other	1990339
Sandell Advisors Llc	Relying adviser	1 Nov 1997	Other	13-3979695
Thomas Eric Sandell	Managing member, sandell advisors llc	1 Nov 1997	Other	1990339
Daniel Mignon	Director, sandell asset management europe limited	1 Mar 2001	Other	5060187
Thomas Eric Sandell	Chief executive officer, sandell asset management europe limited	1 Mar 2001	Other	1990339
Serge Karim Adam	Senior managing director	1 Jan 2006	Other	5783992
Richard A Gashler	General counsel	1 Apr 2006	Other	5060176
Liberatore John Iannarone	Chief compliance officer	1 Jun 2009	Other	5783989
Anthony Bavaro	Chief financial officer	1 Jan 2010	Other	5783982
Sandell Asset Management Europe Limited	Foreign advisor	1 May 2010	Other	196447
Melvin Alejandro Mazier	Senior managing director, sandell asset management corp.	1 Jan 2011	Other	2612345
Richard A Gashler	Chief compliance officer	1 Jan 2011	Other	5060176
Adam L Hoffman	General counsel, sandell asset management corp.	1 Oct 2012	Other	3166682
Daniel Mignon	Director, sandell asset management corp.	1 Jan 2013	Other	5060187
Adam L Hoffman	Secretary, sandell asset management europe limited	1 Mar 2013	Other	3166682
Thomas Eric Sandell	Managing member, sandell partners llc	1 Dec 2013	Other	1990339
Sandell Partners Llc	General partner, samc partners lp	1 Dec 2013	Other	46-4345622
Samc Partners Lp	Owner, sandell asset management corp.	1 Dec 2013	75% - 100%	foreign
Daniel Borenstein	Chief financial officer, sandell asset management corp.	1 Jul 2014	Other	6372860
Thomas Eric Sandell	Director, sandell asset management corp.	1 Jul 2014	Other	1990339
Triet Leminh	Chief compliance officer, sandell asset management corp	1 Feb 2017	Other	6762500
Sandell Holdings Llc	Owner	1 Dec 2017	75% - 100%	82-3808861

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Samc Partners Lp	Sole member	1 Dec 2017	75% - 100%	61-1727474

Based in New York

The principal office where Sandell Asset Management Corp. performs its advisory services is located at 540 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-603-5700 or by fax 212-603-5710. The normal business hours are 9:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sandellmgmt.com.