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

The arbitrage fund, Paulson Enhanced, is up 10.5 percent while Paulson International is up almost 5 percent. (See “Event Driven Strategies” for more details.) Liquidation arbitrage. Case studies are what you really do on the job – you generate investment ideas, present them to the PM, and aim to profit from your ideas while mitigating risk. Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund (PAEDX), which owns shares of Sun Microsystems as part of its merger arbitrage strategy. Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund (PAEDX), which holds arbitrage positions in SPACs not mentioned here. Contrarily, Paulson Advantage and Advantage Plus are down 12.68 and 18.4 percent respectively. In KeyBanc's case, only the premium paid analysis looks Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund [PAEDX], which owns shares of Max & Ermas Restaurants Inc. 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. Often, you're tasked with analyzing an investment . Surprisingly, John Paulson's merger arbitrage funds are returning better than his event driven strategies. With something like merger arbitrage (or anything else that's event-driven), you can still apply the same framework but the catalyst becomes a much more central part of your recommendation. 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. This is the flip side to merger arbitrage. 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. A common trait is that the author of the opinion goes to great lengths to discredit their own findings that the merger consideration is at the low end of, or even below, the valuation range that they determine. Merger Arbitrage or relative-value strategy hedge funds which aim to profit off from mispricings while unsuccessful in others. 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. Often, you're tasked with analyzing an investment opportunity with . The risk, of course, is that the deal falls through, and the spread widens quickly. This article was sent to people who get email alerts on .