Ted Chen

Ted Chen is a Portfolio Manager at Water Island Capital LLC, based in New York, where he has served since 2013. In this capacity, he is responsible for overseeing the firm’s long-short equity portfolios, with a primary focus on event-driven strategies spanning equity special situations and investments in SPACs (Special Purpose Acquisition Companies). His sector coverage is broad, encompassing event-driven equities across all sectors, capitalizing on corporate actions like mergers, spin-offs, asset sales, bankruptcies, activism, and de-SPAC transactions.

Prior to joining Water Island Capital, Ted Chen was a Managing Director at Jefferies, where he led the U.S. Event-Driven Strategy group and managed proprietary event-driven portfolios, including research and due diligence on announced M&A, spin-offs, tenders, and bankruptcy exits. His earlier roles include working in sales, trading, and proprietary trading at Citi, focusing on event-driven situations and merger arbitrage.

Mr. Chen holds a Master of Business Administration in Finance from the Massachusetts Institute of Technology Sloan School of Management and a Bachelor of Science in Engineering from the University of Pennsylvania. He is recognized for his expertise in event-driven investing and his comprehensive approach to capitalizing on corporate catalysts across diverse industry sectors.