Water Island Capital, advisor to The Arbitrage Funds, has been a pioneer in offering event-driven strategies through liquid alternative mutual funds. These funds provide transparency, liquidity, and low investment minimums.
We offer the following mutual fund options:
Please note that The Arbitrage Fund, The Arbitrage Event-Driven Fund, and The Arbitrage Credit Opportunities Fund (“The Funds”) referred to in this website are offered and sold only to United States residents. The Funds are not offered for sale in countries other than the U.S. and its territories. This website should not be considered a solicitation to buy or an offer to sell shares of the Funds in any jurisdiction where it would be unlawful under the securities laws of that jurisdiction. The Arbitrage Funds are offered only by prospectus.
RISKS: The Funds use investment techniques with risks that are different from the risks ordinarily associated with debt and equity investments. Such techniques and strategies include merger arbitrage risks, high portfolio turnover risks, options risks, borrowing risks, short sale risks, non-diversification risks, and foreign investment risks. The Arbitrage Event-Driven Fund and The Arbitrage Credit Opportunities Fund also include credit risks, interest rate risks, interest rate swap risks, credit default swap risks, and convertible security risks. Risks may increase volatility and may increase costs and lower performance.
The Arbitrage Funds offer transparency with regularly reported holdings, liquidity with daily subscriptions and withdrawals, and low investment minimums starting at $2,000.