The Merger Fund Institutional Class (MERIX)

In standard market environments, the fund dedicates at least 80% of its overall assets mainly to equity-related instruments—such as ordinary and preference shares, and sometimes warrants—issued by entities undergoing publicly disclosed corporate restructuring events. These events can include business consolidations, company acquisitions, public bids for ownership, debt-financed corporate takeovers, corporate divisions, asset liquidations, and various other organizational transformations. The investment strategy employed, known as merger arbitrage, is a highly specialized technique primarily aimed at generating profits from the successful finalization of these corporate dealings.