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Strategy of merger arbitrage

Event Description

Speaker Bio:

Roger P. Foltynowicz, CFA, CAIA

Portfolio Manager


Roger joined Water Island Capital in 2003 and currently serves as Portfolio Manager on the merger arbitrage strategy. He has been a Portfolio Manager for the Arbitrage Fund since January 2005 and a Portfolio Manager for the Arbitrage Event-Driven Fund since October 2010. Prior to being promoted to Portfolio Manager, Roger worked as a Senior Analyst and Trader on the merger arbitrage and equity special situations teams at the firm. Prior to joining Water Island Capital, Roger played professional baseball for the Cincinnati Reds Baseball organization. Roger holds a Master of Science degree in Investment Management from Pace Graduate School of Business and a BA in Finance from Presbyterian College. He achieved the CAIA designation in 2011 and the CFA designation in 2017.


About the Firm:

Water Island Capital, the advisor to The Arbitrage Funds, was founded in 2000 with a mission to bring event-driven investment strategies, an option previously available only to large institutional investors and wealthy individuals, to any investor seeking alternative investments. A pioneer in liquid alternative investments, Water Island Capital is an independent, employee-owned firm managing approximately $2.5 billion in assets across event-driven strategies.  The Arbitrage Fund, launched in 2000, seeks capital growth through an investment approach focused on the strategy of merger arbitrage. This fund invests in companies being acquired in publicly announced mergers and acquisitions. The strategy’s goal is to capture the difference, or spread, between the price of the target company’s stock and the price offered for these securities by the acquiring company. Our approach seeks to deliver consistent, positive absolute returns with lower volatility and low correlation relative to the broader markets.

Event Type

Career; Educational

Education Topic

Alternative Investments

Start Time

9/21/2017 12:00 PM

End Time

9/21/2017 1:00 PM

Event City

Salt Lake City

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Location Info

​​Salt Lake City Marriott City Center

220 State Street, Salt Lake City, UT 84111


Roger P. Foltynowicz, CFA, CAIA, Portfolio Manager

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All Day Event




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Content Type: MyCFA Calendar
Created at 8/24/2017 7:27 PM by
Last modified at 8/25/2017 10:29 AM by