PineBridge Investments, the global multi-asset class investment manager, has launched a Euro-hedged share class for its PineBridge Merger Arbitrage Fund.

The fund, which is managed by PineBridge Managing Director, Lan Cai, offers transparent, absolute returns with simple, explainable alpha sources and daily liquidity. It has low correlation with both equity and bond markets and offers investors the opportunity to achieve consistent returns with relatively low volatility.  The Fund, which was launched in December 2010 has achieved positive returns both in August and on a year-to-date basis.
 
“The aim of the Euro-hedged share class is to provide an alternative to investors holding Euros who would like to mitigate  the effects of  the exchange rate movements and focus solely on the returns of the strategy,” says Cai.
 
The PineBridge Merger Arbitrage Fund is one of many funds within the PineBridge Global Funds umbrella, which provides multi-asset class investment solutions within a UCITS compliant investment vehicle authorised and regulated by the Central Bank of Ireland.