Our Investment Discipline

Water Island Capital employs a rigorous, fundamental approach to investment analysis. We identify catalyst-driven corporate events across the capital structure that offer compelling risk/reward opportunities with an emphasis on downside protection.

The firm takes a proactive approach to risk management, striving to diversify across geography, market capitalization, sector, industry, and type of transaction, while also employing the appropriate use of options, short selling, and other hedging strategies and tools to offset event and market risk.

Investments in intellectual capital and infrastructure – including risk management systems, technology, compliance, and operations – reflect our steadfast commitment to managing risk, minimizing volatility, and delivering superior risk-adjusted returns to our clients.

“We believe strong long-term performance is best achieved through the compounding of reasonable returns and the avoidance of major losses.”

— Gregg Loprete

Portfolio Manager