Arbitrage R
C/O Sei Global Funds Services 1 Freedom Valley Drive Oaks, PA 19456
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Phone: 800-295-4485
| Category: | Long-Short | | Fund Family: | The Arbitrage Fund | | Net Assets: | 118.80M | | Year-to-Date Return: | 1.29% | | Yield: | 0.20% | | Morningstar Rating: |  | | Fund Inception Date: | 18-Sep-00 |
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John S. Orrico
Lead Manager since
18-Sep-00 | | | Orrico is president and portfolio manager with Water Island Capital. Prior to Water Island, he managed private hedge funds with Lindemann Capital Partners, L.P. during 1999. From 1994 to 1998, Orrico engaged in mergers and acquisition arbitrage while managing the Gruss Family Trust for Gruss & Co. Orrico holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | $2,000 | | Min Initial Investment, AIP: | $2,000 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund normally invest at least 80% of net assets in equity securities of companies (both domestic and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. |
| Last Dividend
(28-Dec-07):
| 0.03 | | Last Cap Gain
(10-Dec-07):
| 0.87 | | Annual Holdings Turnover
| 712.00% | | Average for Category:
| 290.27% |
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| Expense | ARBFX | Category
Avg | | Total Expense Ratio: | 1.90%
| 2.21% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 0.00%
| 5.50% | | Max Deferred Sales Load: | 0.00%
| 2.19% | | 3 Yr Expense Projection*: |
$670 | $981 | | 5 Yr Expense Projection*: |
$1,149 | $1,698 | | 10 Yr Expense Projection*: |
$2,472 | $3,378 |
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1.49% Nasdaq 
0.27%
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