Lyxor, TIG Ready Merger Arb. Fund

Jun 17 2013 | 2:20pm ET

Lyxor Asset Management and TIG Advisors will launch a UCITS-complaint merger-arbitrage hedge fund.

The two firms plan to roll the vehicle out on Lyxor's UCITS platform, Citywire reports. The Lyxor/Tiedemann Arbitrage Strategy will employ TIG's research to seek out arbitrage opportunities from around the world, with a focus on wide spreads and complex deals. The fund will be managed by TIG's Drew Figdor; Lyxor will provide risk management.

"We look for complex mergers where our research can add value and are anticipating an uptick in mega-cap deals driven by the increased availability of funding, both for strategic buyers and private equity," Figdor told Citywire.

The strategy will be available euro-, dollar- and pound Sterling-denominated share classes, and will feature weekly liquidity.


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