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International Press Coverage of CIAM

Political Interference Clips Hedge Funds' Desires to Trade on Mega Mergers

The Wall Street Journal

by Laurence Fletcher

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"Megadeals are not that attractive, even though they make the headline news. They're quite political. One should be prudent when investing in these kind of situations," said Anne-Sophie d'Andlau, co-founder of Paris-based CIAM, whose fund is up more than 8% so far this year.

At CIAM we don't want to be in these situations. The French government don't even know themselves what they really want. Right now the risk-reward in situations such as Alstom isn't [attractive]."

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