Vivaldi Multi-Strategy Fund
OMOAX
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- Vivaldi Multi-Strategy Fund (Class A: OMOAX; Class I: OMOIX) is a multi-strategy mutual fund that seeks long-term capital appreciation by pursuing positive absolute returns across market cycles with low sensitivity to traditional equity and fixed-income indices. The Fund allocates its assets among Vivaldi Asset Management, LLC and sub-advisors employing global macro, relative value, merger arbitrage, closed-end fund arbitrage and other fundamentally and technically driven strategies across equities, fixed income, currencies, derivatives, ETFs and other liquid asset classes globally; it invests long and short without limit in common stocks and depository receipts of any market capitalization, high-yield and investment-grade bonds of any maturity, up to 85% of net assets in derivatives including options, futures, swaps, forward currency contracts and credit-default swaps for investment, hedging and volatility management purposes, up to 60% in currencies, up to 10% leverage via borrowing, and up to 50% in emerging market issuers. A series of Investment Managers Series Trust II, the Fund commenced operations on December 16, 2016 upon acquiring the assets and liabilities of the Vivaldi Orinda Macro Opportunities Fund predecessor, and is advised by First Trust Capital Solutions L.P., a joint venture formed in November 2021 between an affiliate of Vivaldi Holdings (formerly Vivaldi Asset Management) and First Trust Capital Partners, with Vivaldi overseeing operations including the alternative investment platform. Headquartered in Chicago, Illinois, the Fund targets institutional and high-net-worth investors seeking absolute returns through diversified, opportunistic exposure to U.S. and non-U.S. markets without benchmarking constraints. In May 2018, sub-advisor Crescat Portfolio Management, LLC ceased managing the global macro sleeve, with subsequent oversight consolidated under the joint venture structure; the Fund maintains high portfolio turnover exceeding 100% annually to capitalize on market inefficiencies.