Event-driven buoyed as CIAM, Kite Lake and TT funds advance
Most European companies still unprepared for activist attacks
by Hugh Leask
EuroHedge reports that three event-driven funds, including CIAM, posted healthy gains in 2018, outperforming hedge funds more broadly and boosting investor hopes for the strategy in 2019. The article notes that CIAM, which now manages $600 million, made 6.5% in its flagship opportunities fund last year.
CIAM on a roll, lines up new event/active Ucits fund
Eurohedge reports that less than a third of European companies have a strategy in place to counter campaigns launched by activist investors, despite the number of activist campaigns launched by European hedge funds, such as CIAM, increasing by 40% from 2013 to 2017 and continuing to draw attention.
Paris-based CIAM turns activist with new expansion of merger-arb strategy
EuroHedge reports that CIAM is set to launch a Satellite Event Driven UCITS Fund, inspired by its flagship strategy, in March. The publication reports that they are “lining up early-stage investors, to build a solid investor base”, and that they are hoping to reach c.€50 million in launch assets before the fund goes live.
EuroHedge reports on CIAM’s success with its broader event-driven strategy which was launched in September 2013.
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