Sandler Offshore Buys Google, Comcast; Sells Illumina, Versik

Sandler Capital Management which manages long/short equity hedge funds with assets close to $1.7 billion was burned in the short book in the last quarter, which is exactly what happened to most equity hedge funds. After a +2.06% return last quarter, the Sandler Offshore fund is up 3.91% for the year. The gross return for the short book was down 5.8% while the long book of the offshore fund was up 8.8%, according to a shareholder letter reviewed by ValueWalk. Sandler Capital new position Sandler Capital bought new positions in Affiliated Managers Group, Inc. (NYSE:AMG) and Comcast Corporation (NASDAQ:CMCSA) in the third quarter….