Trium Khartes

A Global Event Driven Strategy focused on Merger Arbitrage and Equity Events, primarily in Small & Mid-Cap, international and complex situations.

Cayman Hedge Fund

Felix Lo

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LITERATURE

SUMMARY

Overview

Trium Khartes is a Global Event Driven Strategy focused on Merger Arbitrage with tactical exposure to Special Situations. It primarily invests in Small & Mid-Cap deals with a focus on identifying deals in less-crowded international jurisdictions and complex situations with attractive risk-reward characteristics. The strategy aims to deliver uncorrelated returns by trading equity deal risk and hard catalyst corporate events globally. The portfolio is generally divided between a ‘clean’ deal portfolio that generates a baseline level of returns across the cycle and a ‘complex’ deal portfolio where we conduct in-depth research in merger or other hard catalyst situations.

Investment Objective

The Strategy targets positive returns throughout the cycle with low correlation to equity markets.

Team

Felix Lo

Felix Lo

Portfolio Manager

Felix Lo

Felix Lo

Portfolio Manager
Felix has gained over 16 years’ experience as an event-driven Portfolio Manager. Felix previously spent 10 years at Sandell Asset Management where he was responsible for the firm’s global merger arbitrage and equity event driven portfolios and managing approximately USD 800m of AUM. He also spent 2 years at LMR Partners, where he managed the firm’s Global Merger Arbitrage and Event portfolio. Prior to joining the buy-side, Felix was a restructuring and M&A Analyst for Evercore Partners in New York. Felix graduated with a Bachelor of Science in Economics and a Bachelor of Science in Engineering, Magna Cum Laude, from the Wharton School & School of Engineering and Applied Science, University of Pennsylvania.
Trium Khartes
Trium Khartes

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Neo Tsangarides

Neo Tsangarides

Associate Portfolio Manager

Neo Tsangarides

Neo Tsangarides

Associate Portfolio Manager
Neo has been an Associate Portfolio Manager for Trium Khartes since March 2024, having iniitally joined Trium as an Analyst in April 2021. Neo has worked with Felix on his strategy since 2018, both at LMR Partners and Millennium Capital Partners before the strategy moved to Trium. Neo has over 17 years’ experience in the Financial Sector. Neo holds a MSc in Finance from the London School of Economics & BSc in Economics from the University of Nottingham.
Trium Khartes
Trium Khartes
Max Wang

Max Wang

Analyst

Max Wang

Max Wang

Analyst
Max is based in the US and specialises in event driven / merger arbitrage, which has been the focus for most of his career, on both the buyside and the sell-side. Prior to joining Trium, Max was on the US sell-side covering predominantly North American situations. In Canada, where Max is from, he had started out in equity research before working at a Canadian event-driven hedge fund, where he provided investment analysis and later came to also bear trading responsibilities. Max holds a bachelor’s degree in finance and economics from Western University in Canada. He is also a CFA charterholder.
Trium Khartes
Trium Khartes
Marco Meneses

Marco Meneses

Analyst

Marco Meneses

Marco Meneses

Analyst
Marco joined the Trium Khartes team in February 2024 as a Quant Trading Analyst, but has been working at Trium Capital since September 2022. Marco was initially in the Operations team, having joined Trium from Tibra Capital, where he worked as a Cash Equity Trading Assistant, Index Arbitrage and Event-Driven. Marco holds a BA and MA in Financial Engineering with honours from the Ecole Superieure de Gestion et Finance (ESG Finance) in Paris.
Trium Khartes
Trium Khartes

LITERATURE

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Trium Khartes Fund | SFDR Article 6 Disclosure
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