Fund launches & closures

Pendragon founders up and running again in event-driven

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Long-standing event-driven and merger arbitrage specialists Julian Harvey Wood and Kaveh Sheibani are up and running with their newly re-launched Pendragon Event-Driven Fund.

The fund launched in November with some $50 million of initial friends and family money, and will look to take in outside capital from investors over the coming months – with a short-term target size of around $250 million. Former investors in the old Pendragon fund will be offered a lower fee structure during the initial fund-raising period.

Harvey Wood and Sheibani are joined by five members of their core former team at Pendragon in