Noble Asset Management has joined with Kenneth Jeyaretnam, an event driven fund manager, to raise $500 million for the Stamford Global Event Driven Fund.
The fund will target merger arbitrage, valuation and spin-offs and distressed debt restructuring opportunities, and the fund will receive exposure from predominately Europe, Asia and cross-border US.
Jeyarentnam has almost 20 years experience in dealing with arbitrage trading across Europe and Asia.