Many Wall Street strategists are expecting M&A to pick up in the first half of 2025 given M&A volumes as a percentage of GDP remain at historical lows. We suspect volumes were depressed due to a combination of higher rates and a feeling of a more adversarial regulatory environment. Pier 88 submits that many traditional long only and hedged strategies have structural biases that could prevent them from fully capitalizing on an impending M&A wave. We believe the Pier 88 Lake Geneva strategy has a decade plus track record demonstrating a robust investment process that can benefit from an M&A cycle (over 60 Pier 88 portfolios taken out by M&A or PE transaction since 2013.)
To continue reading, please download the full article:
The companies identified do not represent all of the companies purchased, sold or recommended for portfolios advised by Pier 88 Investment Partners, LLC. The reader should not assume that investment in any company was or will be profitable. Additional information including a list of all companies is available upon request.