Water Island Event-Driven Fund (AEDNX)

AlphaMaven

Hedge Fund

Water Island Event-Driven Fund (AEDNX)

Water Island Capital

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Investment Overview

Strategy Description

The strategy seeks to provide capital growth and absolute returns by investing in credit and equity securities involved in specific corporate events, with a focus on low volatility and low correlation relative to the broader capital markets.

Principals

Investment Highlights

Investment Category

Hedge Fund

Investment Strategy

Event Driven

Investment Structure

Mutual Fund

Objective

Our Performance Goal

Absolute Returns, Low Correlation to Broad Market, Low Volatility, Capital Growth

Implementation of Strategy

Tactical Approach

Market Sector Exposure

Equities, Fixed Income, Sector Agnostic, Corporate Events

Instruments Traded

ETFs, Public Equity, Swaps, Options, FX - Forwards, Convertible Bonds, Fixed Income, Private Debt, Derivatives, High Yield Corporate Debt, Option Hedges, Bonds

Capitalization Weight

Large Cap, Mid Cap, Small Cap

Geographical Exposure

Global, Developed Markets

Risk Management

Diversification, Position Limits, Options, Hedges, Liquidity Requirements, Scenario Analysis, Stress Testing, Correlation Analysis, Dynamic Position Sizing, Third Party Custody, Active management, Liquid Securities, Risk-Based Position Sizes, Dynamic Downside Analysis, Proprietary Risk System, Drawdown Controls

Investment Structure

Legal Structure

Mutual Fund

Domicile

United States

Fund Minimum Investment

$100K

Managed Account Minimum

$100MM

Strategy AUM

$135MM

Firm AUM

$2.5B

Management Fee (%)

1.1%

Service Providers

Administrator

State Street Bank

Auditor

Ernst & Young

Legal

K&L Gates

Prime Broker

Goldman Sachs, Morgan stanley, Bank of America

Custodian/Bank

State Street Bank

ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.

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