The Arbitrage Fund, launched in 2000, seeks capital growth through an investment approach focused on the strategy of, well, merger arbitrage.
This typically sees the purchase and sale — at the same time — of the stocks of two merging companies to create what a fund may consider to be “riskless” profits.
With that tact inscribed into its mission statement, the Arbitrage Fund has had its eyes on Pandora Media and its freshly closed merger with Sirius XM Holdings Inc. To them, something smells funny — and Pandora is trying in court to squelch the fund.
