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Alternative Market Briefing

ArbitrOption outperforms benchmarks, up 7.18% in H1

Wednesday, July 20, 2016

Komfie Manalo, Opalesque Asia:

Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gained 2.69%, while the Credit Suisse Risk Arbitrage Index declined -1.90% and the Credit Suisse Event-Driven Index up 2.75% during the same period.

Also on June 23rd, the day of the Brexit referendum, ArbitrOption gained while the S&P 500 fell. ArbitrOption’s investment strategy focuses on opportunities created by corporate events, such as acquisitions, mergers, proxy contests, restructurings, shareholder activism, special dividends, and spin-offs.

Heath Winter, managing partner of ArbitrOption Capital Management, commented, "It was a pleasant surprise to ArbitrOption investors to see that the strategy held up well in the face of June's market volatility. On June 24th, when the 'Brexit’ referendum results were known and the S&P 500 tumbled 3.6%, ArbitrOption investors actually experienced a positive return of about 2% compared to the previous day. Some of that gain was given back in subsequent days, as the market recovered and our hedges fell in value. Ultimately, this is an event-driven strategy that seeks to neither gain, nor lose, in reaction to the equity markets' moves."

For the month of June, ArbitrOption's investment strategy returned 2.04......................

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