Amber Capital Investment Management, the high-performing event-driven shop founded by Joseph Oughourlian and Michel Brogard, has selectively opened to new capital.
The New York-based firm is increasing its capacity because it has more ideas than capital, according to investors. Amber runs a global event-driven strategy and has traditionally been biased toward Europe, where mergers and acquisitions have created rich opportunities in recent years.
Formed in 2001 as part of Société Générales equity arbitrage proprietary trading desk, Amber separated from the bank in November 2005 with $1.5 billion in capital and has been growing rapidly ever since. As of mid-May,