Hedge Fund With Three-Decade Winning Streak Bets on U.K. Deals

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Depressed valuations in the U.K. as the country’s businesses grapple with the effects of Brexit, as well as the global pandemic, have led to the highest level of dealmaking in 14 years. TIG, which seeks to profit by taking so-called merger arbitrage trades, has built bets on merger and acquisition targets such as Wm Morrison Supermarkets Plc, engineering group Meggitt Plc, cyber-security software company Avast Plc and developer John Laing Group Plc, according to regulatory filings.