A strength of Arbitrage Fund is its experienced longest-tenured portfolio managers, who have accrued an average 22 years of tenure. This experience should give investors confidence in the group's ability to navigate a variety of conditions. The firm charges fees on open-end and exchange-traded funds that are on par with category peers. On average, fees are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition. Despite other redeeming qualities as a firm, Arbitrage Fund has seen some disruption among its portfolio management ranks in the past five years, denoted by elevated turnover compared to peer asset-management firms. Long-term stability tends to support positive results.
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