Geneva-based Decalia Asset Management has launched a merger arbitrage fund in partnership with alternative management firm W Capital.
Gwénaël Le Carvennec of W Capital will manage the fund, the firm has announced. He previously worked at Banque d’Orsay (later acquired by Oddo & Cie) as head of technical arbitrage operations.
The fund will take advantage of the price differentials during mergers and acquisitions involving listed companies. The portfolio includes around 70 holdings and focuses on operations that have already been announced.
Head of Decalia funds at Decalia AM, Xavier Guillon, said: ‘With this new fund, we continue to expand our range of alternative investment solutions uncorrelated with conventional asset classes, which also enables us to meet the needs of sophisticated clients such as family offices and institutional investors.’
The fund is structured as a Luxembourg reserved alternative investment fund (Raif).