MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 24, 2011 First Eagle Hunts for Opportunity in Arbitrage Ten years after its last mutual fund launch, First Eagle Funds [see profile] is preparing a new offering. The Manhattan-based fund firm will soon launch its own Arbitrage Opportunity Fund, its sixth mutual fund [see filing]. A spokeswoman for First Eagle declined to comment for this story, citing the registration period. The new merger arbitrage mutual fund was previously an unregistered investment fund. It will feature: A shares for a 500-basis-point front-end load and 257 bps in annual expenses; C shares with a 100-bps deferred load and 332 bps in expenses; and I shares with 232 bps in expenses. Jason Dahl and Jonathan Spitzer will continue to PM the fund in its new form. First Eagle did not list a launch date. First Eagle will handle distribution of the fund itself. DST will serve as transfer agent,State Street as custodian, and PricewaterhouseCoopers as independent accounting firm. Printed from: MFWire.com/story.asp?s=37164 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |