Fund launches & closures

Paris team preps merger arb firm with charity link

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Luxembourg-domiciled firm will be devoted to pure merger arbitrage plays

CIAM, a new Paris-based merger arbitrage start-up founded by veterans of BNP Paribas and Systeia Capital Management, is gearing up to launch its debut fund on 1 September.


CIAM team: Frédérique Barnier-Bouchet,Catherine Berjal and Anne-Sophie d'Andlau


CIAM Merger Arbitrage will be Luxembourg-domiciled and entirely devoted to pure merger arbitrage plays - unlike many other funds in the space, which also target broader event-driven investments.

In another unusual move, 25% of annual performance fees will go to a new foundation set up in conjunction with the asset management firm, which will make donations to a number of