Media & Research

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Media

Adrian's interview with Edwin Dorsey, Sunday's Idea Brunch (June 2025)
Winner of the Hedge Fund Journal award for best performing event driven UCITS fund over 5 yrs (article date, May 2025)
Adrian's LinkedIn post thanking Hamlin Lovell at the Hedge Fund Journal and the Green Ash team (April 2025)
O3 Mining investor knocks Agnico offer, Mining.com (January 2025)
This fund's public statement on the takeover of O3 Mining by Agnico Eagle (January 2025)
The Hedge Fund Journal names Adrian Courtenay as part of its Fifty Rising Stars (July 2024)
Adrian Courtenay presents Raspberry Pi at Sohn Monaco (June 2024)
Western Areas agrees to increased $939m offer from IGO, Reuters (April 2022)
This fund's public statement on the takeover of Western Areas by IGO Ltd (March 2022)
New fund doubles money in two years by channelling early Buffett (December 2021)
Fund profile in Portfolio Adviser magazine (October 2020)

Research

Equity Special Situation Opportunities

Raspberry Pi: Small Board, Big Future (April 2025)
Fever Tree: Transformational Deal Puts US Expansion on Coors (March 2025)
QXO Inc: Examining the Jacobs Playbook, Value Uplift through Serial M&A (February 2025)
Hotel Chocolat: Bars on Cocoa, See's Uplift (August 2023)
Comcast & Charter: A Broadband Alliance (August 2023)
Formula One: US Expansion, Grand Prize (July 2023)

Merger Arbitrage

From Non-Binding to Shining - the Pre-Deal Opportunity Type (February 2025)
Assessing the Activist Opportunity Type Within Merger Arbitrage (December 2024)
Performance Orientation in Merger Arbitrage, for Consistent, Binding Success (September 2024)
The Pershing Square SPARC Warrants A Closer Look (September 2024)
Related media: Bill Ackman, public comments on Pershing Square SPARC (February 2025)
Capturing the Competitive Bidding Situation in Merger Arbitrage (August 2023)

Corporate Theory

Evaluating The Vector Sum Theory of Corporate Output (January 2025)
The Super Brand That Travels (January 2024)

Fundamental Value Assessment

A Venture Framework for the Intelligent Investor (March 2024)
How Far Away to Berkshire Hathaway? (September 2023)

Macro Protection

Macro Protection within a Unified Framework for Capital Allocation (May 2024)

Key Details

Fund Manager

Adrian Courtenay

Fund inception

17-Oct-19

Strategy

The GA-Courtenay Special Situations Fund is an award winning performance orientated hedge fund targeting consistent positive returns across diverse market conditions. The fund maintains a portfolio of structurally advantaged equity special situation investments, enhanced by a positive carry hedge structure combining merger arbitrage yield with index put option protection.

Structure

UCITS

Domicile

Ireland

Base currency

USD

Region focus

Global

Share classes

USD, GBP, EUR, CHF