Bantleon Event Driven Equities focuses on traditional risk arbitrage and other corporate event driven opportunities, mainly in Europe and in North America. The team applies a fundamental approach seeking to identify companies where a defined corporate catalyst or event can unlock value. The portfolio is typically split across three sub-strategies: risk arbitrage (40-80% of NAV, mainly merger arbitrage and SPAC arbitrage), relative value (10-30% of NAV, mainly holding discounts, share class arbitrage) and special situations (10-30% of NAV). The fund’s allocation process is dynamic to reflect the prevailing opportunity set in each phase of the economic cycle. The portfolio is typically made up of 60-80 situations, with a bias towards Europe.