Investment Objective
The Strategy invests in global securities that are or may become subject to a tender offer, merger, liquidation, recapitalisation, spin-off, proxy contest, exchange offer, leveraged buyout or bankrupcy. The fund seeks to play arbitrage deals from both a long and a short perspective and focus on 0-30 day events within the merger arbitrage process. It will primarily trade in connection with announced transactions.
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.1 | 0.9 | 0.5 | 0.0 | 0.7 | 0.0 | 0.8 | 0.5 | 1.0 | 1.0 | 0.8 | 0.1 | 0.1 | |
| 2022 | 0.6 | 0.2 | 0.8 | 0.0 | 0.7 | 0.7 | 0.0 | 0.7 | 0.6 | 0.9 | 0.9 | 0.1 | 0.1 |
