The Momentum Group has launched a fund of funds focusing solely on merger arbitrage as part of a str...
The Momentum Group has launched a fund of funds focusing solely on merger arbitrage as part of a strategy to bring funds using alternative investment strategies more into the mainstream. The Merger Opportunities fund will typically hold four or five funds, and will be chosen only from those funds with which the company has had prior dealings. Michael Goldman, chief executive of Momentum, said: "No single manager covers all the bases, so in building the Merger Opportunities fund, we have brought together managers who specialise in cross-border, hostile, friendly, larger and smaller corpo...
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