The Aurora Horizons fund allocates assets among a number of alternative strategies and all the merger activity in the first half of 2015 is giving the event-driven sleeve the most momentum said the fund’s portfolio manager Justin Sheperd. ‘M&A activity continues to be very good,’ said Sheperd. ‘There’s high cash on balance sheets, accommodating credit markets, low interest rates, and shareholders want value. And management have been able to create that through a number of different events, whether it be in spinoffs, M&A, or what have you, and that creates really interesting opportunities that we’ve been able to see our managers invest in.’ Sheperd added that the fund’s macro manager has also been busy as a result of all the activity in the dollar due to the battle between central banks in the United States and abroad.
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