ABC Arbitrage Asset Management, the €135 million
Paris-based systematic event-driven firm, has launched its
second fund for outside investors and plans to roll out another
two strategies over the coming months.
The firm is the operational division of Euronext-listed
proprietary trading firm ABC Arbitrage. It launched its first
offering, the ABCA Arbitrage Opportunities Fund, in mid-2007.
This was created by exporting a subset of the firm's investment
strategies; ABC no longer carries these trades in its
proprietary book, instead allocating to the pooled fund. The
firm will maintain this approach with all new funds:
redeploying its capital into the funds and thereby ensuring
that its interests are aligned with those of its investors.
Its second roll-out,...