Founded in 2000, Water Island Capital has focused on generating positive returns and preserving capital for its clients across all market cycles. LEARN MORE »

Founded in 2000, Water Island Capital has focused on generating positive returns and preserving capital for its clients across all market cycles.

An investor should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. The current prospectus contains this and other information about the funds. To obtain a prospectus, pleaseclick hereor call (800) 295-4485. Please read the prospectus carefully before investing. Investing involves risk, including potential loss of principal. The Arbitrage Funds are distributed by ALPS Distributors Inc., which is not affiliated with the advisor or any of its affiliates.