Though veteran managers guide Arbitrage Fund, significant and continuous turnover within the event-driven investment team in recent years damps the group’s overall appeal. This instability downgrades the Morningstar Analyst Ratings of its cheapest share classes to Neutral from Bronze, while the priciest C shares move to Negative.
Will ARBFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARBFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ARBFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of ARBFX’s parent organization’s priorities and whether they’re in line with investors’ interests.