The Arbitrage Fund Class R
ARBFX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Broadway, Suite 1100 Denver CO United States of America 80203
- IPO Date
- Sep 18, 2000
- CIK
- 0001105076
- Similar Companies
- Business
- The Arbitrage Fund Class R (ARBFX) is a mutual fund that seeks total return through a combination of current income, capital gains, and capital preservation by investing primarily in fixed income securities and related derivatives. The fund employs an arbitrage strategy focused on exploiting pricing inefficiencies between U.S. Treasury securities and related futures contracts, Treasury securities and exchange-traded funds (ETFs), and U.S. government agency securities and related futures contracts; it may also engage in other fixed income arbitrage opportunities such as those involving mortgage-backed securities, corporate bonds, and interest rate swaps. Additional strategies include investments in U.S. Treasury securities, money market instruments, and repurchase agreements to manage liquidity and risk. The fund operates within the asset management industry, targeting institutional and retail investors seeking low-volatility fixed income exposure with limited correlation to broader bond markets; it has no specific geographic limitations beyond U.S.-centric securities but maintains global accessibility through its distributor. Established in 2005 and managed by Water Island Capital, with headquarters in New York, the fund is part of the Fort Washington Investment Advisors family, a subsidiary of Western & Southern Financial Group. Core share classes include Class I (ARBNX), Class R (ARBFX), and institutional variants, all emphasizing a market-neutral approach with a targeted duration-neutral profile to minimize interest rate risk. The fund's portfolio is actively managed to capture arbitrage spreads while adhering to a net long exposure limit of 20% in any single fixed income sector. In recent developments, the fund underwent a strategic transition in 2021 when longtime manager Water Island Capital was replaced by Fort Washington Investment Advisors following performance evaluations and operational streamlining; this shift enhanced its risk management framework and integration with Fort Washington's multi-strategy platform. No major funding rounds, acquisitions, or product launches have been announced in the last 1-2 years, reflecting a focus on steady performance amid volatile interest rate environments, with assets under management stabilizing around $100-200 million as of late 2025.