Sandglass Capital

Sandglass Capital Management is a global investment management firm established in 2013, specializing in emerging markets, excluding China. The firm employs a distinctive investment approach that integrates fundamental research with a macro-overlay, focusing on event-driven opportunities across various asset classes. They seek deep value and idiosyncratic situations in both public and private securities, including distressed credit, stressed credit, restructurings, turnarounds, and market dislocations. The firm's objective is to generate superior and robust equity returns over a medium-term horizon while actively protecting capital under adverse market conditions.

The firm was co-founded by Genna Lozovsky, who serves as the Managing Partner and Chief Investment Officer, and Michelle Kelner, a Co-Founder and Senior Partner. Lozovsky has over 32 years of experience in investment management, particularly in special situations and private equity within global emerging markets. He previously co-founded and held principal roles at other asset management firms focused on distressed credit and equity investing. Sandglass Capital Management manages a suite of funds that invest across the capital structure, with a strong commitment to industry best practices and investor communications.

Sandglass Capital Management's investment strategy targets regions such as Latin America, Eastern Europe, the Middle East, and South Asia. The firm manages approximately $750 million in assets, with investors including endowments, foundations, OCIOs, family offices, and increasingly, pension funds. They proactively engage with issuers to influence investment outcomes and identify significant convexity of returns.

The team at Sandglass Capital Management comprises experienced professionals, including portfolio managers and analysts, located across their global offices. Key team members include Genna Lozovsky, Michelle Kelner, Jamieson Odell, Gregory Bedrosian, Nikita Semenov, Alex Stewart, Dhaval Shah, Andrey Krasnov, and Teodora Nacheva. The firm maintains offices in major financial hubs to support its global investment activities.