AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
M&A Funds Expect More Deals In '05; Many Play Arbitrage; Latest surge seen fueled by decent interest rates as well as deregulation.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
Byline: PAUL KATZEFF
M&A fund managers are taking a place at the table too. They're among the money managers who expect to feast on mergers and acquisitions this year, in a widely forecast more-bounteous M&A market.
"I expect 2005 to be fabulous," said Paolo Vicinelli, an arbitrage analyst for $300 million Gabelli ABC Fund and $280 million Enterprise Mergers & Acquisitions Fund, subadvised by Gabelli Asset Management.
Big deals already this year include Procter & Gamble's $57 billion takeover of Gillette and SBC's $16 billion buy of AT&T.
Several factors should fuel deal-making. Interest rates, while rising, are still historically low. Deregulation is making firms in industries like utilities and broadcasting more likable as takeovers. A declining dollar makes U.S. firms more enticing to foreign buyers.
Other catalysts are at work too, says John Orrico, manager of the $300 million Arbitrage Fund.
Companies are looking outward for acquisitions, he says. This follows years in which businesses looked inward.
- Mergers Are Back; Gabelli ABC Fund to Reopen.
- Press release article from: Business Wire February 12, 2004 700+ words
...pointed out that we would re-open our Gabelli ABC Fund on March 1, 2004. Since we received...background and more information. The Gabelli ABC Fund will re-open to new investors...merger and acquisition activity. The Gabelli ABC Fund has been up each calendar year...
- Gabelli ABC Fund Eliminates 12B-1 Plan.
- Press release article from: Business Wire March 3, 2004 700+ words
...2004 The Board of Directors of The Gabelli ABC Fund approved the elimination of its...Fund becomes more fully invested. The Gabelli ABC Fund has been up each calendar year...investment opportunities become available. Gabelli ABC Fund began investment operations on...
- The Gabelli ABC Fund Records Twelfth Consecutive Year of Absolute Returns; One...
- Press release article from: Business Wire January 4, 2006 700+ words
...that according to Lipper Inc., The Gabelli ABC Fund is one of only three equity...2005 marks another year in which The Gabelli ABC Fund had absolute returns - making it twelve in a row. The Gabelli ABC Fund has been up each calendar year...
- Gabelli ABC Fund Introduces Advisor Share Class.
- Press release article from: Business Wire May 1, 2007 700+ words
RYE, N.Y. -- The Gabelli ABC Fund has introduced its new Advisor...According to Lipper Inc., The Gabelli ABC Fund (Class AAA) is one of only...periods after 2002 for Class AAA. The Gabelli ABC Fund allows investors to participate...
- Multimedia Available: Gabelli ABC Fund Eliminates 12B-1 Plan.
- Press release article from: Business Wire March 3, 2004 700+ words
...Assets Available With This Story Include Graphics, Text News Releases --(BUSINESS WIRE) The Board of Directors of The Gabelli ABC Fund approved the elimination of its 12b-1 Distribution Plan. Since Jan. 1, 2003, Gabelli & Company Inc., has...
- Multimedia Available: Mergers Are Back; Gabelli ABC Fund To Reopen.
- Press release article from: Business Wire February 11, 2004 700+ words
...When Gabelli Asset Management issued its earnings release on Jan. 29, 2004, we pointed out that we would re-open our Gabelli ABC Fund on March 1, 2004. Since we received a number of inquiries related to this announcement, we thought it timely and appropriate...
- Major Pickup in Dealflow Leads the Arbitrage Fund to Reopen to New Investors.
- Press release article from: Business Wire February 9, 2005 700+ words
NEW YORK -- The Arbitrage Fund (ARBFX & ARBNX), a 4...returned to the market, says Arbitrage Fund founder and portfolio manager...terms of major dealflow." The Arbitrage Fund, which has garnered a 4-Star...
- The Arbitrage Fund (ARBFX) Will Close to New Investors on January 30, 2004.
- Press release article from: PR Newswire January 6, 2004 700+ words
...YORK, Jan. 6 /PRNewswire/ -- The Arbitrage Fund (ARBFX), a mutual fund that employs...strategies, such as that offered by the Arbitrage Fund, has contributed to a doubling in...York City and is the adviser to The Arbitrage Fund. This is the sole proprietary open...
- The Arbitrage Fund Celebrates Its Five Year Anniversary; Fund's Return...
- Press release article from: Business Wire October 25, 2005 700+ words
...Island Capital, LLC, adviser to The Arbitrage Fund, is proud to announce that the Fund...52.5% on a compounded basis. The Arbitrage Fund, a registered no-load mutual fund...wealthiest families and institutions. The Arbitrage Fund is designed to focus on merger arbitrage...
- UPDATE 2-Arbitrage Fund manager likes Dole, Pharmacia and Syncor.
- News wire article from: The America's Intelligence Wire November 27, 2002 700+ words
...WASHINGTON (CBS.MW) -- The Arbitrage Fund manager John Orrico says it's the...financing," Orrico said. The merger arbitrage fund typically invests in companies involved...With $26 million in assets, The Arbitrage Fund is up 8 percent in the year to date...
