The cross-border merger of investment funds (or collective investment undertakings – CIUs) is sometimes a complex …; trusts; etc.), since the merger directly affects the interests of the participant-investors. In the merger of CIUs, rules on … and investors of a financial product. For example, where a merger involves statutory collective investment undertakings …

This paper examines the determinants of cross-sectional variation in post-merger mutual fund performance. Mergers …