Fund launches & closures

Oddo swells alternatives group with €100m merger arb fund run by Banque d’Orsay team

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Oddo Asset Management, the investment arm of the 160-year-old independent French financial services group Oddo & Cie, is stepping up the development of its alternative investment business with the launch of a €100 million merger arbitrage fund.

The launch follows the acquisition by the Oddo group of Banque d’Orsay from German bank WestLB late last year and signals the expanded group’s ambition to roll out new offerings and investment strategies for its clients.

The new M&A arbitrage fund – which will focus on announced takeovers – was launched at the start of this month, with the Oddo group