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Avenue Advisers LLC

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Investment Adviser Services

We are the investment adviser of the Pennsylvania Avenue Funds, parent of the Pennsylvania Avenue Event-Driven Fund, a mutual fund investing in merger arbitrage, distressed securities, capital structure arbitrage and proxy fights. Please contact the fund directly with any questions or if you would like to obtain a prospectus. We do not advise individuals, endowments, corporations, or other non-fund entities.

You can find copies of our policies by clicking on the link below:

Our specialization are event-driven investments. We distinguish investments in four different types of events:

  • Merger arbitrage:

    The Fund invests in the securities of companies subject to publicly announced mergers, takeovers, tender offers, and other corporate reorganizations.

  • Capital structure arbitrage:

    The Fund invests in different securities issued by the same issuer whose different securities are mispriced relative to each other.

  • Distressed securities investments:

    The Fund invests in distressed securities, which are securities of companies who are in or near bankruptcy or whose securities are otherwise undergoing extreme financial situations that put the continuation of the issuer as a going concern at risk.

  • Proxy fight investments:

    The Fund invests in securities of companies which are subject to a proxy fight over control over the company.
Our manager explains merger arbitrage investing in two recent interviews on Today's Financial News:

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