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Canada,United States : ARROW CAPITAL MANAGEMENT announces merge of two funds

August 22, 2014

Arrow Capital Management has announced the merger of two funds.

The funds are sub-advised by Raven Rock Capital Management - the Arrow High Yield Fund and the Raven Rock Income II Fund. The two funds merger removes the duplication of the investment similarities and improves the cost efficiencies.

Now, Raven Rock can target on a single core investment strategy that continues to be a unique offering in the Canadian fund universe. The Raven Rock Income II Fund integrates hedged exposure to the US convertible bond market, along with various other US corporate debt securities including high yield bonds. The fund s capacity to tactically adjust the fund's corporate bond exposure is formulated to protect investor capital and generate positive returns in all market environments.

Canada's accredited investors will get the Raven Rock Income II Fund for purchase. The Raven Rock Strategic Income Fund, a similarly mandated closed end version of this Fund, is available to all investors as it trades on the S&P/TSX under the symbol RRF.UN.

Arrow has established in 1999 and is an employee-owned company focused on alternative asset management and manager selection. It owns USD1.1 billion in assets under management, including its joint venture with Generation Asset Management based in London, England.

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Source: TendersInfo (India)

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