This portfolio focused on arbitrage and special situations was up 10.5% in September and is up over 20% so far this year. Read how the portfolio is adapting to the changing investment climate by temporarily focusing on merger arbitrage opportunities.

"These are the top five stocks that have reached their 52-week lows last week were Exxon Mobil Corp, The Bank of New York Mellon Corp, News Corp, EBay Inc, and MetLife Inc."

A list of some interesting stocks that might be worth looking at a little closer. I'm not sure if any of these are truly value stocks, but at least one of them I've been watching.

Excerpt: "This week 24/7 Wall St. featured many names that fall within the realm of larger private equity screens as far as potential break-up stocks. That does not mean that they WILL be broken apart or that the companies are certain candidates, but this is one of many screens that firms run."