The Gardner Lewis Merger Arbitrage Fund outperformed the HFRI ED Merger Arbitrage Index by delivering a YTD gain of 16,9% compared to a 4.3% index gain. It also outperformed the Bloomberg Barclays US Aggregate Bond Index which gained 5.9%.
The fund reported that in the third quarter they generated a positive gain for the 7th quarter in the row. When looking at the five year period the fund was positive during 18 quarters.
Despite the upcoming elections the US M&A volume raised 6% YoY, while global M&A volume was even higher hitting 19% YoY rise. The market saw...
