Schoenfeld carves out merger arb strategy

Plans to capitalize on wider spreads from fewer investors.

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With merger arbitrage proving to be one of the best-performing strategies this year, it is no surprise that some firms are taking time out from regrouping to profit from current opportunities. One such firm is P. Schoenfeld Asset Management, which recently added to its menu of event-driven and credit strategies with a fund focused on investing in announced global merger transactions.

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