11 Jan 2011
PineBridge Investments has announced the launch of the PineBridge Merger Arbitrage Fund (UCITS III fund).
The fund launched on 22 December 2010 and invests in publicly announced merger and acquisition transactions. The fund is managed by Lan Cai, CFA, Managing Director, PineBridge Investments. Cai has 15 years of equity and derivatives investment experience and joined PineBridge Investments in 2000 after serving as Director of Financial Product Research and Development at the CME Group.
Cai has managed PineBridge’s Merger Arbitrage strategy for institutional clients since 2002. The strategy is generally market neutral and has exhibited positive performance in each of the last eight years on an unlevered basis. It has low correlation with equity and bond markets and offers investors the opportunity to achieve consistent returns with relatively low volatility. PineBridge is looking to expand this success into the rapidly growing ‘Newcits’ space.
The PineBridge Merger Arbitrage Fund joins the PineBridge Global Funds umbrella, which is authorised by the Central Bank of Ireland, and is a range of funds providing multi-asset investment solutions within a UCITS III framework across both developed and emerging markets.
The fund launched on 22 December 2010 and invests in publicly announced merger and acquisition transactions. The fund is managed by Lan Cai, CFA, Managing Director, PineBridge Investments. Cai has 15 years of equity and derivatives investment experience and joined PineBridge Investments in 2000 after serving as Director of Financial Product Research and Development at the CME Group.
Cai has managed PineBridge’s Merger Arbitrage strategy for institutional clients since 2002. The strategy is generally market neutral and has exhibited positive performance in each of the last eight years on an unlevered basis. It has low correlation with equity and bond markets and offers investors the opportunity to achieve consistent returns with relatively low volatility. PineBridge is looking to expand this success into the rapidly growing ‘Newcits’ space.
“The Fund offers transparent, absolute returns with simple, explainable alpha sources and weekly liquidity,” says Ms. Cai. “We believe investors will find the Fund a highly attractive option as they strive for clarity in an increasingly complex market environment.”
The PineBridge Merger Arbitrage Fund joins the PineBridge Global Funds umbrella, which is authorised by the Central Bank of Ireland, and is a range of funds providing multi-asset investment solutions within a UCITS III framework across both developed and emerging markets.
