Pacific World launches merger arb fund

Pacific World Asset Management, a Hong Kong based fund of hedge funds advisor will soon launch a new single manager fund, the Corporate Arbitrage Manager Fund (CAM), focused on merger arbitrage as its core strategy. Paulson & Co, a $2.5 billion US-based hedge fund will act as the trading advisor. CAM targets an annual return of 15%-20% with an associated volatility of 7%. "CAM's launch is a good opportunity to capture the rise in M&A activity we are seeing in the US and Europ…