MANDA Update + New Portfolios

I’m busy working on two new portfolios that will be introduced shortly which is why today’s blog is rather thread-bare. But I do want to alert all of you who are following my M&A portfolio (MANDA) that portfolio constituent, Aladdin Knowledge Systems (ALDN) today completed its merger with private equity group Vector Capital. Aladdin shareholders will receive $11.50 in cash per share. This represents a 5.3% return on the trade. Overall, the MANDA portfolio is up 2.6% since 6/26/08 inception. Compare that with -37% on the S&P 500. Woo-hoo!

Here’s the list of all open and closed MANDA trades since portfolio inception.

[Click on table to enlarge.]

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