Investment Objective
The objective of the Fund is to get exposure to a proprietary discretionary investment strategy designed by the Sub-Investment Manager that primarily consists of investment in securities of issuers that are or may become subject to corporate events (such as a tender offer, merger, liquidation, recapitalization or bankruptcy).
The Fund seeks to achieve its objective primarily through the use of securities such as debt and equity securities and financial derivatives contracts.
Latest Meeting Note
Meeting Note 06 Nov 2018
We recently met with Drew Figdor (PM) as well as conducting an on-site visit. The philosophy behind the fund has remained consistent over time, however Figdor continues to invest significant time and resources in improving the team and t...
We recently met with Drew Figdor (PM) as well as conducting an on-site visit. The philosophy behind the fund has remained consistent over time, however Figdor continues to invest significant time and resources in improving the team and their approach. As an example of this the team now has two full time regulatory analysts sitting in Washington D.C and Europe, whose sole responsibility is to interact with regulators regarding M&A judgements etc. YTD the fund is having an excellent year, with positive returns against a difficult backdrop. Much of this has been driven by the Sky/Comast deal which was a material contributor to returns.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.5 | 0.4 | 0.8 | 0.5 | 0.5 | 0.4 | 0.0 | 0.2 | 0.4 | 0.0 | 0.3 | 0.3 | 0.3 | |
| 2023 | 0.8 | 0.8 | 0.5 | 0.8 | 0.6 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.2 | 0.7 |
