Bloomberg ID: CCMGARB <Equity> Morningstar ID: F00000WLK1
The Constantia Capital "Merger-Arb" strategy is a short duration, low volatility strategy that is designed as an high yielding alternative to cash in the bank or short-term debt. The goal of this strategy is to return 4% above short-term US interest rates (or 6% as of 2nd qtr. 2019), with volatility similar to that of a US Government 10 year Treasury note.
This strategy invests in definitively announced mergers. We follow a highly disciplined process, and do not invest in speculative situations.
For greater detail on Merger-Arbitrage, please visit its own website www.MergerArbitrage.us.
• No single position shall exceed more than 10% of the total value of the portfolio’s long positions.
• Investments in any corporation may not exceed 5%, at cost on the purchase date, of the outstanding shares of that corporation.
• Leverage may be used (for traditional accounts) but will not exceed 2.0.
¹ Discounted fees are available to accounts over $25 million.
² Performance Fee is charged on excess over benchmark, with high-water marks, and available only to
qualified clients as defined by Rule 205-3 of the Investment Advisers Act of 1940 (17 CFR 275.205-3).