The M&A search begins


Non-correlation to traditional assets is the Holy Grail of hedge fund investors. But one cyclical correlation remains when investing in hedged portfolios ' capital introduction teams are sure to send funds of a strategy to investors, just as that very strategy starts descending from its peak.


Many fund of fund managers are currently hunting out merger and acquisition (M&A) arbitrage funds for portfolios ahead of an economic recovery, and shunning strategies such as convertible arbitrage.


The Mel