Water Island Capital
Event-Driven. Client-Focused.

Our Firm

Our Firm

Water Island Capital was founded in 2000 with a vision to innovate in the alternative investment industry. Our firm manages a suite of event-driven investment strategies in both private vehicles and public vehicles offering daily liquidity and low investment minimums. We have fostered a culture that values independent thinking, transparency, and open communication and collaboration. These core values drive not only our investment discipline and risk management processes, but also the long-term partnerships we seek to build with our clients.

The firm:

  • Values integrity and stewardship

  • Values innovative, independent thinking, and therefore remains employee-owned

  • Values long-term partnerships, and therefore nurtures a commitment to client service

  • Values people, and therefore invests in community and mentorship

Water Island Capital is a dedicated event-driven investment manager focused on providing clients uncorrelated absolute return investment solutions.

Our Approach

Capital preservation in difficult markets serves as a critical litmus test for any investment manager offering low correlation or alternative investment strategies. Having navigated market environments during times of record turbulence, Water Island Capital has successfully delivered both capital preservation and capital appreciation through a disciplined focus on global event-driven investment strategies.

Our team employs a rigorous, fundamental approach to investment analysis. We seek to identify catalyst-driven corporate events across the capital structure that offer compelling risk/reward opportunities. We strive to protect investor capital at all times, taking a proactive approach to risk management that attempts to mitigate unwanted risks through diversification and hedging strategies with an emphasis on downside protection.

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.
— John Orrico, Founder & CIO