Arbitrage R Mutual Fund
Here’s an interesting little fund that showed up on my 52 week high mutual fund scan, Arbitrage R! It did have a rough patch a few weeks ago as the subprime mess started to unravel (and continues to unravel).
What does Arby R do? Emphasis mine.
The investment (fund) seeks to achieve capital growth by engaging in merger arbitrage. The fund normally invest at least 80% of net assets in equity securities of companies (both domestic 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. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. [via Google Finance]
November 15th, 2007 at 5:03 pm
Thank god for bookmarks!
Looking at this fund right now, it doesn’t seem to be going anywhere, although the concept was kinda interesting at first.
I’m feeling ambivalent cuz, well.. I’ve been facing a lot of life and death stuff lately, and it opens my eyes to the short time we all have on this little blue dot.
November 15th, 2007 at 8:44 pm
bluesherry, yeah life is too short. I hope you feel better soon.
I still have so many dreams left to chase and time is ticking away.