Water Island Capital Market Research Report
Company Overview
Company Name
Water Island Capital, LLC
Mission of the Company
Water Island Capital aims to provide clients with innovative investment solutions by addressing global corporate events through a differentiated perspective.
Founding and Founders
- Founded: 2000
- Founder: John Orrico
Key People
- John Orrico, CFA: Founder & Co-Chief Investment Officer
- Matthew Osowiecki: Co-Chief Investment Officer
- Roger Foltynowicz, CFA, CAIA: Lead Portfolio Manager
- Gregg Loprete: Portfolio Manager
Headquarters
41 Madison Ave Fl 42, New York, NY 10010
Number of Employees
No information is available.
Revenue of the Company
No information is available.
What is the Company Known For
Water Island Capital is known for being a dedicated event-driven investment manager focused on providing clients with uncorrelated absolute return investment solutions.
Products
Mutual Funds
Water Island Capital offers event-driven strategies to all investors through its affiliated mutual fund trust, The Arbitrage Funds. These mutual funds provide liquidity, low investment minimums, and transparency through regular portfolio holdings disclosures.
Exchange-Traded Funds (ETFs)
The firm has launched an affiliated ETF trust, AltShares Trust, designed to bring event-driven strategies to investors who seek the benefits ETFs offer.
Separate Accounts
Separate managed accounts following Water Island Capital's event-driven investment strategies are available. These customized solutions are provided upon request.
Index Solutions
Information about index solutions developed by the affiliate Water Island Indices can be accessed as needed.
Strategies
Merger Arbitrage
This strategy aims to profit from the successful completion of publicly announced mergers and acquisitions while seeking absolute returns with low correlation to broader equity and credit markets.
Long/Short Equity
This strategy employs an event-driven investment focus around special situations like spin-offs, restructurings, and speculative mergers and acquisitions. It seeks to exploit mispriced equity securities with hedging techniques to minimize volatility.
Catalyst-Driven Credit
An unconstrained, non-traditional fixed income strategy focused on a broad range of events such as refinancings and reorganizations. It employs various techniques like convertible arbitrage and merger arbitrage.
Multi-Strategy Event-Driven
This strategy uses an optimized, blended approach to integrate the firm's core investment capabilities, targeting opportunities where returns are based on the outcomes of specific corporate events rather than overall market trends.
Recent Developments
New Products Launched
- Water Island Event-Driven Fund: Managed by Matthew Osowiecki since September 2023 and Gregg Loprete since October 2010.
- Water Island Credit Opportunities Fund: Managed by Gregg Loprete since October 2012.
New Features Added to Existing Products
No information is available.
New Partnerships
No information is available.
Neither Water Island Capital nor its employees solicit, advertise, or provide investment advisory or any other services through social media or instant messaging services (including communications channels such as WhatsApp, Telegram, Signal, Facebook, Instagram, or TikTok).
©2024 Water Island Capital, LLC. All rights reserved.
