The Arbitrage Funds
Fund Info

The Arbitrage Fund, launched September 17, 2000, seeks to achieve capital growth by engaging in merger arbitrage. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of corporate reorganizations. Water Island Capital's approach focuses on the equity securities of publicly announced transactions, and utilizes hedging strategies that are designed to minimize market exposure and volatility. Our goal is to provide investors with consistent, positive returns that are not necessarily correlated to the general equity markets. Merger arbitrage, as an investment discipline, can play an important role in portfolio diversification. For years, large institutional investors and wealthy individuals have had access to merger arbitrage investing through private hedge funds. The Arbitrage Fund brings similar opportunities to individual investors.

PDF 2014 Q1 Commentary from the Advisor

PDF Summary of Fundamentals

PDF Fund Presentation

PDF Summary Prospectus

PDF Prospectus

PDF Statement of Additional Information

Zip Folder XBRL Filings

PDF Account Application

PDF Account Options Form

PDF Change of Account Ownership Form

PDF Non-IRA Redemption Form

PDF IRA Application Kit

PDF IRA Transfer/Rollover Form

PDF IRA Beneficiary Designation/Change Form


The Arbitrage Funds are distributed by ALPS Distributors Inc., which is not affiliated with the advisor or any of its affiliates.