PineBridge Investments Launches Merger Arbitrage Fund

PineBridge Investments of New York launched PineBridge Merger Arbitrage Fund (a UCITS III fund).The vehicle will invest in publicly announced merger and acquisition transactions. Managing Director Lan Cai will manage the fund.

PineBridge Investments is pleased to announce the launch of the PineBridge Merger Arbitrage Fund (a UCITS III fund).

The Fund launched on 22 December 2010 and invests in publicly announced merger and acquisition transactions. The Fund is managed by Lan Cai, CFA, Managing Director, PineBridge Investments. Ms. Cai has 15 years of equity and derivatives investment experience and joined PineBridge Investments in 2000 after serving as Director of Financial Product Research and Development at the CME Group.

Ms. Cai has managed PineBridge’s Merger Arbitrage strategy for institutional clients since 2002. The strategy is generally market neutral and has exhibited positive performance in each of the last eight years on an unlevered basis. It has low correlation with equity and bond markets and offers investors the opportunity to achieve consistent returns with relatively low volatility. PineBridge is looking to expand this success into the rapidly growing ‘Newcits’ space. Newcits have become an increasingly popular avenue for investors to gain access to alternative investments that are UCITS-compliant.

“The Fund offers transparent, absolute returns with simple, explainable alpha sources and weekly liquidity,” says Ms. Cai. “We believe investors will find the Fund a highly attractive option as they strive for clarity in an increasingly complex market environment.”

The PineBridge Merger Arbitrage Fund joins the PineBridge Global Funds umbrella, which is authorised by the Central Bank of Ireland, and is a range of funds providing multi-asset investment solutions within a UCITS III framework across both developed and emerging markets.

About PineBridge Investments

PineBridge Investments manages $83 billion in assets for institutional and individual clients across an extensive platform of listed equity, fixed income, private equity and hedge capabilities. With more than 800 employees in 32 countries and jurisdictions as of 30 September 2010, PineBridge Investments’ strong global network captures local market knowledge and identifies potential opportunities for the benefit of investors around the world. For additional information on PineBridge Investments, visit

In the UK this communication is a financial promotion solely intended for professional clients as defined in the Financial Services Authority’s (FSA) Handbook and has been approved by PineBridge Investments Europe Limited, authorised and regulated by the FSA.

Finsbury Group | Matthew Newton/Talia Druker/Emily Dimmock, +44 (0)20 7251 | 3801 | | SOURCE: PineBridge Investments