New merger arb fund indicates improving economic conditions
Tue Jan 11, 2011
A new merger arbitrage UCITS hedge fund has been launched by a PineBridge in a year that is expected to feature buoyant M&A activity.
The PineBridge Merger Arbitrage Fund launched on 22 December 2010 and invests in publicly announced merger and acquisition transactions.
Lan Cai managing director of PineBridge Investments
Thomas Sandell, founder of Sandell Asset Management, which launched a merger arbitrage strategy last year, said that he expected M&A activity to grow because companies have a lot of money on their balance sheets (see...
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