| 10.11.2011 Opalesque Exclusive: KDC funds gain from arbitrage and distressed opportunities |
| All of KDC’s funds have gained from arbitrage opportunities in securities lending and M&A, as well as from the distressed markets, in October and YTD. The KDC Alpha Securities fund, which replicates the prime brokerage industry’s proprietary matched book securities lending business, gained 0.22% (est.) last month and 4.41% YTD. The $77.7m fund’s traders utilize proprietary trading systems an |