The Ucits III-compliant SIXTINA Harbert Event Opportunities Fund will offer investors a risk-managed portfolio of merger and corporate event transactions and will strive to achieve absolute returns uncorrelated to the overall market direction.
Daily portfolio management of the fund is overseen by Harbert Management Corporation and led by Neil Kennedy, the portfolio strategy manager. NAI France will be responsible for daily risk management of the fund and for overall reporting to investors.
Natixis said the timing of the launch was considered to be ideal in view of the significant increase in merger activity in both North America and Europe, as measured by both dollar volume and transaction count.
The fund is available in B1 (USD) and B2 (EUR) share classes, with minimum investments of $250,000 for B1 shares and €250,000 for B2 shares (2).
