Pacific World launches merger arb fund

HK-based fund of hedge funds set to hit $1billion AUM.

Pacific World Asset Management, a Hong Kong based fund of hedge funds advisor will soon launch a new single manager fund, the Corporate Arbitrage Manager Fund CAM, focused on merger arbitrage as its core strategy. Paulson Co, a $2.5 billion US-based hedge fund will act as the trading advisor. CAM targets an annual return of 15%-20% with an associated volatility of 7%.

CAM's launch is a good opportunity to capture the rise in MA...

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