Merger Arbitrage: How to Profit from Event-Driven Arbitrage by Thomas Kirchner

Merger Arbitrage: How to Profit from Event-Driven Arbitrage



Download Merger Arbitrage: How to Profit from Event-Driven Arbitrage




Merger Arbitrage: How to Profit from Event-Driven Arbitrage Thomas Kirchner ebook
ISBN: 0470371978,
Page: 370
Publisher: Wiley
Format: pdf


Convertible Arbitrage consists of hedge investing in convertible usually, being simultaneously long and short within the same sector, industry, capitalization, country, etc; Event-Driven consists of exploiting the price movement generated by a corporate event related to distressed stocks, mergers, takeovers, news, etc. Industry, serving traders looking to profit from events including corporate catalysts, takeovers, mergers and restructuring deals. These banks benefit from the growth of the hedge fund industry as prime brokers make money on the interest they charge for debt financing and trading fees. Special situations brokers have traditionally catered to merger arbitrage and event-driven funds. Even "alternative investments" has become a catch-all for any manager not doing long Convertible bond arbitrage, derivatives trading, value investing, event driven were all "new" once . Merger Arbitrage: How to Profit from Event-Driven Arbitrage Publisher: W i l e y | 2009 | PDF | ISBN: 0470371978 | 355 pages | 15.5 Mb Written by a fund manager who invests solely in merger. A leading firm is looking to add a senior research analyst to their event-driven trading desk in London. Merger Arbitrage: How to Profit from Event-Driven Arbitrage Publisher: W i l e y | 2009 | PDF | ISBN: 0470371978 | 355 pages | 15.5. There are several variations of this strategy, one being merger arbitrage, in which a manager bets on the price of the company to be acquired, hoping it will be different from what the marketplace anticipates it will be. Merger Arbitrage/Risk Arbitrage research analyst. Despite the name of this blog, in my professional life I long ago stopped using the term "hedge fund" when referring to skill-based strategies. With over 7,000 hedge funds, there the positions at a profit. The second biggest BPT having been ignored after years of double digit dividends finally got attention and I reluctantly took profit at 122. Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund (PAEDX), which owns shares of Sun Microsystems as part of its merger arbitrage strategy. Event Driven – this strategy bases its investment on a particular event, a common example of which is investing in a “distressed” READ: bankrupt company. Written by a fund manager who invests solely in merger arbitrage, also referred to as risk arbitrage, and other event-driven strategies, Merger Arbitrage is the definitive book on how this alternative hedge fund strategy works.