Hedge-fund firm Arrowgrass raises over $600 mln for M&A fund: Reuters

London-based hedge fund firm Arrowgrass Capital Partners has amassed over $600 million for a mergers and acquisitions fund which launched in October, a source with direct knowledge of the matter said on Thursday.

Global event-driven head Michael Edwards is to oversee the Arrowgrass Customized Solutions I Fund, which will run for 18 to 24 months, the source said, confirming a story first reported by Bloomberg.

Edwards joined Arrowgrass in 2010 after working at Nusa Capital Management and U.S. investment firm D.E. Shaw.

The 4.48 billion euro ($5.11 billion) Arrowgrass master fund was up 0.54 percent for the year to March 11, documents seen by Reuters showed.

Arrowgrass was founded in 2008 by ex-Deutsche Bank traders who include its current CEO Henry Kenner.

(Reporting by Maiya Keidan; editing by Simon Jessop and Rachel Armstrong)