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PineBridge launches retail version of M&A fund

PineBridge Investments has launched a retail version of its Merger Arbitrage Fund.

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The Dublin-domiciled fund, which utilises a Ucits III structure, invests in publicly announced merger and acquisition transactions.

It is managed by PineBridge managing director Lan Cai who has managed the firm’s Merger Arbitrage strategy for institutional clients since 2002.

PineBridge said the strategy is generally market neutral and has a low correlation to equity and bond markets.

“The fund offers transparent, absolute returns with simple, explainable alpha sources and weekly liquidity,” said Cai. “We believe investors will find the fund a highly attractive option as they strive for clarity in an increasingly complex market environment.” 

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