Kassirer Market Neutral Fund, a Cayman-based hedge fund primarily engaged in U.S. and Canadian merger arbitrage, earned 1.3% in April, another Kassirer hedge fund, the Kassirer Market Neutral Limited Partnership, earned 1.70% in April 2007.
Mark Kassirer, CEO of Kassirer Asset Management said: "April was a month in which merger arbitrage continued to be active and profitable. The hedge fund's special situations portfolio also made a meaningful contribution. Canadian positions currently account for one third of the fund's market exposure. The fund remains exceptionally well diversified which augurs well for continued stability of fund returns. The fund has had 70 positive months in its 76 month history, and the standard deviation of returns since inception, a measure of volatility and risk, remains very low at 2.01%."
Kassirer holds an Honours Bachelor of Science degree from the University of Toronto, an MBA from York University and is a Chartered Financial Analyst.
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