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

Merger Arbitrage - Many private investors have noticed that the stock of two companies involved in a potential merger or acquisition often react differently to the news of the impending action and try to take advantage of the shareholders' reaction. (See “Event Driven Strategies” for more details.) Liquidation arbitrage. Merger Arbitrage: How to Profit from Event-Driven Arbitrage Publisher: W i l e y | 2009 | PDF | ISBN: 0470371978 | 355 pages | 15.5 Mb. 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. Event Driven - This scenario is triggered by corporate upheaval, whether it be a merger, sale of assets, some sort of restructuring or even bankruptcy. The risk, of course, is that the deal falls through, and the spread widens quickly. Most smaller event-driven funds in Asia are skewed towards softer catalyst opportunities: the firms that tend to really focus on risk arbitrage in Asia are global funds looking to deploy assets to the region. 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. Designed correctly, these strategies can yield profit on either side of the entry points. The Havens funds, investing in Merger Arbitrage and High Yield/Bankruptcy situations, were a logical outgrowth of those years. 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. By James Williams – Athos Capital is a new merger arbitrage hedge fund founded by portfolio manager Matt Moskey, trader Erik Senko and former COO of Black's Link Capital, Fr. Merger Arbitrage- How to Profit from Event-Driven Arbitrage. 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. Coupled with Nancy's earlier experience as an investment Profitable Hedge Fund Trading Strategy Exposed. (Opalesque TV) Nancy Havens-Hasty founded her event-driven fund Havens Advisors in 1995 after spending 16 years at Bear Stearns, where she first founded and managed the foreign risk arbitrage ef. 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. It employs structure arbitrage, closed-end fund arbitrage, pair trading, merger arbitrage and event driven strategies. 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. This is the flip side to merger arbitrage. He currently runs two hedge funds, the SOG Fund (global multi-strategy arbitrage) and SOGAsia. The SOGAsia fund is an Asia including Japan, multi-strategy arbitrage fund.