Today the Malvern, Pennsylvania-based mutual fund shop confirmed that its $85.4-million three-star, neutral-ratedQuaker Event Arbitrage Fund reached its tenth anniversary on November 21. Thomas Kirchner (author of the 2004 book Merger Arbitrage: How to Profit from Event-Driven Arbitrage) has PMed the fund since its debut.
Company Press Release
Quaker Event Arbitrage Fund Celebrates 10 Years of Event-Driven Investing
December 02, 2013 09:50 AM Eastern Standard Time
MALVERN, Pa.--Quaker Funds, Inc. is pleased to announce the recent 10-year anniversary of its Quaker Event Arbitrage Fund (the “Fund”).
Quaker Event Arbitrage Fund, a multi-strategy event-driven mutual fund which invests in corporate events including merger and capital structure arbitrage, distressed investments, activist situations, liquidations and special situations was launched on November 21, 2003 and has been managed since inception by its founder, Thomas F. Kirchner, CFA, a pioneer in event-driven mutual fund investing.
"Arbitrage in general plays an important economic function because it makes markets more efficient." (Thomas Kirchner, Merger Arbitrage, How to Profit from Event-Driven Arbitrage [John Wiley & Sons, 2009], 4) This belief is what originally led Mr. Kirchner to further explore event-driven investing and eventually open the Fund.
Throughout the last 10 years, the Fund’s investment strategy has provided investors with a true hedge fund strategy with all the benefits of mutual fund investing - liquidity, transparency, and lower costs than hedge funds. The Fund has had proven returns throughout many market cycles over the past 10 years.* For Fund performance current to the most recent month-end, visit www.quakerfunds.com or call 800.220.8888.
The Quaker Event Arbitrage Fund is one of the few ways to get exposure to the Event-Driven asset class in a mutual fund format and the only way with a 10-year track record.
Mutual fund investing involves risk, including the possible loss of capital. There can be no guarantee that any strategy will be successful.
Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The Statutory and, where available, Summary Prospectus contains this and other important information and are available for download at www.quakerfunds.com or by calling 800.220.8888. Read carefully before investing.
Quaker Event Arbitrage Fund invests in “special situation” securities resulting from merger and capital structure arbitrage, and engages in short-selling, which involves special risks, requiring special investment expertise. The Fund invests in foreign securities which involve greater volatility; political, economic and currency risks; and differences in accounting methods. The use of derivative investments exposes the Fund to the potential lack of liquidity, increased transaction costs and possible losses greater than the Fund’s initial investment.
Quaker Funds are distributed by Foreside Fund Services, LLC.