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

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

Event driven investment approaches generally carry a moderate risk. This is the flip side to merger arbitrage. According to Mihaylo's calculations, INTL could be worth $28 after a recap, which is 5.6% more than shareholders would receive in the merger. Some of the Merger arbitrage – With this strategy, fund managers invest in unique opportunities for profit driven by corporate action. Once or twice every decade, M&A markets go through a bust and returns of merger arbitrage and event-driven funds slip. Merger Arbitrage: How to Profit from Event-Driven Arbitrage ebook download. The risk, of course, is that the deal falls through, and the spread widens quickly. AIM: Describe the underlying characteristics, sources of returns and risk exposures of various hedge fund strategies including: Event-driven and merger arbitrage. Below please find a definition of “Merger Arbitrage Fund” Merger Arbitrage Fund: Trading the stocks of companies that have announced acquisitions or are the targets of acquisitions. Thomas Kirchner – Merger Arbitrage How to Profit from Event-Driven Arbitrage Thomas R. Arbitrageurs use leverage, short-selling, derivatives and synthetic securities (matching one asset with a combination of others with similar profit and loss profiles) to attempt to take advantage of discrepancies among prices. Merger Arbitrage: How to Profit from Event-Driven Arbitrage Publisher: W i l e y | 2009 | PDF | ISBN: 0470371978 | 355 pages | 15.5. (See “Event Driven Strategies” for more details.) Liquidation arbitrage. The first one pops up in our own merger arbitrage portfolio every December. Seeks to exploit deviations of market prices Event Driven Hedge Fund Strategy Below please find a definition of "Event Driven Strategy" Event Driven Strategy: An approach that seeks to anticipate certain events, such as mergers or corporate restructurings. Merger Arbitrage: How to Profit from Event-Driven Arbitrage by Thomas Kirchner. Event-driven Hedge Fund Strategy. That is the month Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund [PAEDX], which uses merger arbitrage.