Reuters – Hedge funds specialising in bets on mergers and acquisitions are starting to see investors withdraw funds, prompting them to take a more cautious approach after being caught out by more than 500 corporate deals globally failing this year.
Part of a broader industry strategy aimed at making money from major corporate events, these deal-focused funds gained an average 13 percent in 2013, their best year since 2010, which helped them lure in a net $10 billion in new cash through August this year, data from industry tracker Eurekahedge showed.
