DALLAS, Nov. 2, 2015 /PRNewswire/ -- Provasi Capital Partners LP announced today that Quaker Event Arbitrage Fund (the "Fund", symbols QEAAX: A shares; QEACX: C shares, QEAIX: I shares) has joined the company's investment platform. The Fund--a multi-strategy event-driven fund--is focused on long-term growth of capital that invests in securities of issuers that are experiencing corporate events.
"We are very pleased to welcome the Quaker Event Arbitrage Fund to our platform and provide financial advisors with access to an event-driven strategy," said Frank Muller, CEO and President of Provasi Capital Partners. "By tactically allocating within different sub-strategies, the Fund is able to offer investors enhanced levels of diversification and seeks to mitigate risk."
Event-driven investing focuses on company-specific events. Examples of events include mergers, acquisitions, distressed securities, activist situations, liquidations, and other investment opportunities borne out of a change in a company's capital structure. These changes have the ability to capitalize on pricing inefficiencies that have the potential to generate attractive returns.
"When Thomas Kirchner opened the Fund in 2003, the event-driven investment strategy was virtually unknown to all but institutional investors. This liquid, transparent, lower cost event-driven vehicle was the next step in the evolution of the alternative mutual funds that Quaker has been offering since 1996," said Justin Brundage, President of Quaker Funds, Inc. "We believe this partnership will allow the Fund to reach a larger audience, based on the strength of Provasi Capital Partners' advisor network."
About Quaker Event Arbitrage Fund
Quaker Event Arbitrage Fund, a multi-strategy event-driven mutual fund that invests in corporate events including merger arbitrage, distressed investments, activist situations, capital structure arbitrage, liquidations and special situations, was launched on November 21, 2003. The Fund is managed by Paul Hoffmeister and by the Fund's founder, Thomas F. Kirchner, CFA--a pioneer in event-driven mutual fund investing. For more information, call 888.220.8888 or visit quakerfunds.com. The Fund is distributed by Foreside Fund Services, LLC. Wholesale distribution services are provided by Provasi Capital Partners LP.
About Provasi Capital Partners
Provasi Capital Partners LP offers access to specialized investment strategies through a multi-manager approach presenting advisors and their clients with unique options for allocating capital, managing risk and diversifying assets. For more information, call 866.655.3600 or visit provasicapital.com.
Member FINRA/SIPC.
Risks:
Quaker Event Arbitrage Fund invests in "special situation" securities, as a result of merger arbitrage and capital structure arbitrage, as well as engaging in short-selling, which involves special risks and requires special investment expertise. As a non-diversified fund, which invests in a small number of issuers, changes to a single security held in the Fund will have a more pronounced negative effect on the Fund than if the investments were more widely distributed. The Fund invests in foreign securities which involved greater volatility and 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.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The statutory and, where available, the summary prospectuses contain this and other important information and are available for download at www.quakerfunds.com or by calling 888.220.8888. Read carefully before investing.
| Jonathan Ball |
David Nesmith |
| Provasi Capital Partners |
Richards Partners |
| 972.387.5403 |
214.891.2864 |
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SOURCE Provasi Capital Partners LP
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