Lyxor Merger Arbitrage is a Sub-Fund of an ICVC registered in Ireland.
The Sub-Fund seeks to deliver an absolute return uncorrelated from the markets over a recommended investment horizon of three years, by implementing a merger arbitrage strategy.
This fund is run pari passu with the historical merger arbitrage portfolio in UCITS.
The merger arbitrage strategy of the Sub-Fund is to invest primarily in North American and European stocks subject to definitive takeover bids.
The investment process combines proprietary quantitative models and fundamental analyses, with a strong focus on risk allocation and liquidity analysis.
The portfolio is generally comprised of 30 to 50 arbitrage situations, primarily in medium-to-large cap securities.