Investment Objectives and Goals |
Sep. 26, 2025 |
|---|---|
| ARBITRAGE FUND | ARBITRAGE FUND | |
| Prospectus [Line Items] | |
| Risk/Return [Heading] | ARBITRAGE FUND |
| Objective [Heading] | Investment Objective |
| Objective, Primary [Text Block] | The Fund seeks to achieve capital growth by engaging in merger arbitrage. |
| WATER ISLAND EVENT-DRIVEN FUND | WATER ISLAND EVENT-DRIVEN FUND | |
| Prospectus [Line Items] | |
| Risk/Return [Heading] | WATER ISLAND EVENT-DRIVEN FUND |
| Objective [Heading] | Investment Objective |
| Objective, Primary [Text Block] | The Fund seeks to achieve capital growth. |
| WATER ISLAND CREDIT OPPORTUNITIES FUND | WATER ISLAND CREDIT OPPORTUNITIES FUND | |
| Prospectus [Line Items] | |
| Risk/Return [Heading] | WATER ISLAND CREDIT OPPORTUNITIES FUND |
| Objective [Heading] | Investment Objective |
| Objective, Primary [Text Block] | The Fund seeks to provide current income and capital growth. |