French hedge fund CIAM has launched the Satellite Event-Driven Ucits fund in July. The fund invests on several segments among which event driven strategies, special corporate situations, equity value with a catalyst and merger arbitrage strategies. Through that exclusive focus on special situations and merger arbitrage strategies, the fund invests in shares of companies listed in the […]
According to Fitch, small-sized Spanish banks are likely to face downward rating pressure in 2012 as the potential for losses grows, prompting them to merge.
A group of small but ambitious French merger arbitrage managers bucked the trend for negative performance in 2011 and are planning a repeat performance for 2012.