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Araglan Capital Management
Ari Storch's event-driven hedge fund Araglan Capital, founded 2004, targets merger arbitrage and special situations from New York.
Araglan Capital Management
Ari Storch founded Araglan Capital Management in 2004 after a tenure at Deephaven Capital Management, the multi-strategy platform known for seeding and incubating specialist hedge fund talent. The firm launched as an event-driven vehicle, concentrating on publicly announced corporate transactions and restructurings where outcomes hinge on regulatory approvals, shareholder votes, or court proceedings rather than broader equity market beta. Storch structured Araglan to operate with the portfolio concentration of a high-conviction manager, typically holding 20–35 positions. Araglan deploys capital across the event-driven spectrum. The strategy spans merger arbitrage — profiting from spreads in announced acquisitions — alongside special situations including corporate spinoffs, Dutch tender offers, and post-bankruptcy equity. The firm has historically participated in both hard-catalyst equity positions and credit-linked event trades, depending on the capital structure opportunity in a given transaction. Geographic focus remains primarily North America and Western Europe, where legal frameworks make event outcomes more predictable. The manager does not market specific portfolio company names via a public facing website or database. The firm operates without a large institutional infrastructure. Storch serves as the sole portfolio manager, supported by a compact team of analysts — typical for a boutique event-driven manager of this vintage. Araglan is not affiliated with a broader asset management platform or a family office parent. The firm has not publicly disclosed participation in co-investment clubs, adjacent vehicles, or philanthropic structures, operating instead as a classic single-PM hedge fund partnership. What distinguishes Araglan structurally is its endurance in a strategy that eats its young. Event-driven funds face constant pressure: when volatility spikes, merger spreads widen and limited partners redeem; when volatility compresses, spreads thin and absolute returns fall. Surviving two decades as a small, independent event-driven manager requires genuine discipline on sizing and a sourcing edge that lets you pass on most deals. Storch's longevity implies a comfort operating outside the institutional fundraising circuit, likely relying on a tight circle of family offices and fund-of-funds allocators who value capacity-constrained strategies.
General information
Firm type
Asset Manager
Year founded
2004
AUM
$100M - $500M (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Ari J. Storch
Founder and Portfolio Manager
Sector focus
Frequently asked questions
Who runs the investment decisions at Araglan Capital?
Ari J. Storch is the founder and the sole portfolio manager. Storch previously worked at Deephaven Capital Management, a well-known multi-strategy platform, before launching Araglan as an independent entity in 2004. All investment decisions trace to Storch as the named principal.
What type of event-driven strategy does Araglan run?
Araglan focuses on hard-catalyst event driven situations, primarily merger arbitrage and special situations. The firm targets transactions where a defined corporate action — a regulatory approval, a shareholder vote, a court ruling — determines the investment outcome, rather than relying on a directional market view or valuation multiple expansion.
Does Araglan participate in fund commitments or only direct deals?
Araglan operates as a direct hedge fund, managing a single commingled vehicle or managed account structure. It does not allocate as a fund-of-funds; its activity consists solely of purchasing and short-selling securities directly within its event-driven mandate.
What investment stages does Araglan typically target?
Araglan targets publicly announced events. The manager enters positions post-announcement in mergers and acquisitions, or participates in securities created by corporate restructurings such as spinoff distributions and post-bankruptcy equity. The firm does not engage in pre-event, activist, or venture-stage investing.
Which sectors does Araglan explicitly avoid?
The firm has not publicly disclosed a sector exclusion policy. However, as an event-driven manager focused on hard catalysts, Araglan typically avoids situations where shareholder activism or a broad thematic thesis constitutes the primary return driver, staying away from deep fundamental, long-only equity strategies.
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