Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I prefer the Quaker Event Arbitrage Fund (QEAAX). I held the Pennsylvania Avenue Event Driven Fund (PAEDX) with Thomas Kirchner prior to the reorganization with Quaker. Shareholders of PAEDX prior to reorganization were grandfathered from paying front load on any subsequent purchases of QEAAX.
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http://www.sec.gov/Archives/edgar/data/1016073/000119312513314365/d574414d485bpos.htm