Friday, 3 July 2015
Last updated 4 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…