Chicago Capital Management LLC disclosed a new stake in athenahealth, Inc. in a filing on December 31, 2018

Mar 04, 2019
Institutional Holdings Changes
Background Information
Chicago Capital Management (CCM) employs an interdisciplinary investment approach that locates and exploits investment opportunities primarily within event strategies and arbitrage strategies. The firm''s investment approach integrates a disciplined, process-driven research program, with efficient trading execution and risk management, to optimize security selection and investment timing. They employ bottom-up capital allocation in order to concentrate investments where they find opportunity, and to dynamically reallocate capital as the opportunity set changes over time. CCM''s Arbitrage and Event Investing Strategy generally is market-neutral and invests around various catalysts during specified time periods. Investments may be made using all securities in an issuer’s capital structure, but primarily consist of publicly traded equities, to craft risk/reward distributions that provide the highest risk-adjusted returns over an anticipated range of security prices. Event driven trades are typically merger arbitrage situations but may include litigation arbitrage, contests for corporate control, and restructurings, including spin-offs, stub trades, exchange offers, bankruptcies and recapitalizations.