US firm launches arbitrage mutual fund for bids and deals

Pennsylvania Avenue, a US firm, has become one of the first traditional asset managers to launch a mutual fund focusing on investment opportunities arising from mergers and acquisitions.

Mutual funds have typically shied away from so-called merger arbitrage investing seeing it as a potentially risky business better left to hedge fund managers.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It