NZ Super Fund signs Ramius LLC for US$200mn merger arbitrage foray

Mon, 29 Feb 2016

By Sophie Boot March 1 (BusinessDesk) - The New Zealand Superannuation Fund has signed up US-based investment management business Ramius LLC to manage a US$200 million mandate to buy and sell shares on both sides of a merger, known as merger arbitrage. The mandate is effective from today, and will focus on mergers and acquisitions in listed companies from North America and Europe, the Super Fund said in a statement. Ramius LLC manages US$13.8 billion in assets, and is owned by Cowen Group. Its strategy for merger arbitrage is focused...

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