Kellner Capital, Merger Arbitrage
Kellner Capital is a New York-based merger arbitrage investment manager founded in 1981 by George Kellner. They currently manage approximately $300 million in assets (as of 9.30.17). Kellner has 18 employees, including seven investment professionals. Kellner’s investment strategy seeks to generate absolute returns with low volatility and uncorrelated returns by focusing on 25-50 publicly announced mergers and other corporate events - no rumors or speculative situations. Kellner was an industry pioneer creating one of Wall Street’s longest running arbitrage hedge funds existing today.
Mr. Pultz joined Kellner Capital in 1999 and leads the Firm’s merger arbitrage investing activities. In addition, Mr. Pultz is a member of the firm’s management committee where he provides broad input on strategic matters. Mr. Pultz began his career at Neuberger Berman LLC where he was a government bond trader and also provided allocation recommendations to the Firm’s internal investment management teams. Mr. Pultz holds a B.S. in finance from Fairfield University and an M.B.A from Fordham University Graduate School of Business. Mr. Pultz is a member of the Firm's multi-strategy fund investment committee.