French hedge fund unveils event-driven fund

Investment Europe reports that CIAM has launched a Satellite Event-Driven Ucits fund in July, with €242m of commitments to date, to invest in companies listed mainly in Western European and US equity markets, with a diversified events-driven approach, focused on mergers and acquisitions, spin-offs, tender offers, shareholder buybacks, debt exchanges, securities issuance or other capital structure adjustments and regulatory changes.

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