David K. Sherman founded CrossingBridge Advisors in December 2016, bringing 37 years of investment management experience beginning at Leucadia National in 1987. Sherman previously founded Cohanzick Management, LLC in August 1996, which became an SEC Registered Investment Advisor in April 2009, managing over $2.3 billion in assets by April 2021. He serves as an adjunct professor at NYU Stern's Finance Department teaching Global Value Investing and has specialized in SPAC investments for over 15 years. Under Sherman's leadership, the firm has grown to manage over $4.1 billion in assets with all eligible proprietary mutual funds receiving 5-star Morningstar ratings.

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CrossingBridge's core philosophy centers on the principle that 'return of capital is more important than return on capital,' seeking high current income and capital appreciation consistent with preservation of capital. The firm employs a bottom-up value investing approach focusing on companies with strong cash flow and credit quality, assessing investments through four essential questions regarding business quality, margin of safety, alignment of interests, and track record of capital allocation. Investment strategies include ultra-short duration, low duration high yield, responsible credit, and special purpose acquisition companies (SPACs), focusing on high yield and investment grade corporate debt, event-driven securities, post reorganization investments, and stressed and distressed debt.

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