The Arbitrage Funds
Advised by Water Island Capital



In this piece, we explore why many investors are optimistic about the prospects for merger arbitrage in the months ahead.

Investors looking to short-term bonds for their conservative fixed income portfolios may want to consider a catalyst-driven credit strategy, which may provide similar risk-mitigation attributes while also providing an important source of diversification.

A catalyst-driven credit strategy may provide a compelling alternative to traditional fixed income investments through various market environments.

With a market environment supportive of event-driven strategies, and traditional asset classes expected to face headwinds, now may be the time to consider adding a diversified event-driven strategy to your balanced portfolio.


Fund Filings



In this white paper, we explore the impacts of short volatility on seemingly diversified portfolios.

Barron’s feature on Water Island Capital and The Arbitrage Fund.