Tuesday, 21 April 2015
Last updated 57 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…