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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
ISBN: 0470371978,
Page: 370
Publisher: Wiley

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. He currently runs two hedge funds, the SOG Fund (global multi-strategy arbitrage) and SOGAsia. Relative value strategies include merger arbitrage, convertible bond arbitrage, fixed income arbitrage, mortgage backed arbitrage and capital structure arbitrage. Image courtesy of Hayman Capital. 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 . Staying Market Neutral As investors crave more advanced The underlying index is rebalanced every five days, rather than monthly or quarterly, allowing for the fund to capture these event driven gains. The SOGAsia Fund was It is commonly viewed that arbitrage strategies have to leverage up to the high single digits in order to make money off some very small spreads. Firm & Location: Hayman Capital Management, U.S.. However, merger arbitrage works best over several different deals and opportunities, requiring heavy capital constraints making it pretty inaccessible for most retail investors. The second biggest BPT having been ignored after years of double digit dividends finally got attention and I reluctantly took profit at 122. Source: Bloomberg Kyle Bass (tied). The SOGAsia fund is an Asia including Japan, multi-strategy arbitrage fund. There are opportunities to profit from this growth in acquisition activity. It employs structure arbitrage, closed-end fund arbitrage, pair trading, merger arbitrage and event driven strategies. Merger Arbitrage: How To Profit From Event-Driven Arbitrage explains everything you need to know about merger arbitrage. Few books have ever been published about merger arbitrage. Event-Driven Hedge Strategy Family Office Definition: Event-Driven Hedge Strategy Event-Driven Hedge Strategy definition: Event-driven hedge strategies profit from one-time events. Relative value strategies are arbitrage transactions that seek to profit from the spread between two securities rather than from the general market direction. Firm & Location: Paulson Partners, U.S..