|Net Assets||937.05 Mil|
- Last NAV update 5/17/2013 4:00 PM ET
|The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund plans to invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.|
- Year to date performance as of 5/16/2013 8:00 PM ET
|Fund Family||Arbitrage Fund|
|Fund Manager||John Orrico|
|Minimum Initial Purchase||2,000.00|
|Minimum IRA Investment||2,000.00|
- * Annualized returns
- Performance as of 5/16/2013 8:00 PM ET
|Net Assets||937.05 Mil||226.15 Mil|
|Avg Market Cap||3.94 Bil||19.15 Bil|
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