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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
Publisher: Wiley
ISBN: 0470371978,
Format: pdf
Page: 370

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. Few books have ever been published about merger arbitrage. 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. 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. He currently runs two hedge funds, the SOG Fund (global multi-strategy arbitrage) and SOGAsia. By Thomas Kirchner Hoboken, NJ: John Wiley & Sons 2009. 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. Thomas Kirchner – Merger Arbitrage How to Profit from Event-Driven Arbitrage Thomas R. 302: LEVERAGE AND OPTIONS Merger arbitrage is a low-volatility strategy. The SOGAsia fund is an Asia including Japan, multi-strategy arbitrage fund. 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. Merger Arbitrage: How to Profit from Event-Driven Arbitrage ebook download. Risk arbitrage hedge fund managers can employ an event-driven investment strategy or merger arbitrage investment strategy, seeking situations such as hostile takeovers, mergers and leveraged buyouts. The fund, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, is down 18 percent this year with the July loss. 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. Merger Arbitrage: How To Profit From Event-Driven Arbitrage explains everything you need to know about merger arbitrage. Paulson's Gold Fund, which can buy The firm's merger arbitrage, credit and recovery funds, which comprise more than 60 percent of the firm's $21 billion in assets, rose this year on the firm's “long event positions,” Paulson said today in the letter to clients. Merger Arbitrage: How to Profit from Event-Driven Arbitrage by Thomas Kirchner.