Alternative Arbitrage Fund – Featured
January 11, 2022
The Latest
Alternative Arbitrage Fund – August 2023
Highlights The Fund initiated positions in 20 new or previously announced mergers, while nine merger deals held within the Fund closed during the month. Performance was impacted by a regulatory challenge to a merger deal held by the Fund and the widening of spreads in certain other deals driven by regulatory approval delays and extensions to closing. At the end of August, the Fund had 38 investments in small-cap deals under $2 billion, 30 of which were valued at under $1 billion. Dear Unitholders, The Pender Alternative Arbitrage Fund was down -0.3%[1] in August 2023. Download PDF M&A Market Update…
