Mon premier blog

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

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

Such circumstances can include merger arbitrage, distressed securities, and private placements. Here's an example of merger arbitrage. I was at Nomura for a little over a year and then joined Owl Creek Asset Management, a hedge fund, where I specialized in global risk-arb event-driven investing and also Asia equities. 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. After spending two years at Citigroup, I found an interesting opportunity at a firm called Cathay Financial that blended both my finance experience and my law background, and I joined them as a “merger arbitrage” analyst. 2) Event-Driven 3) Directional In event-driven hedge funds, managers look for stocks trading at discounts due to unusual circumstances. 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. Analyst on their risk-arbitrage team. Let's say A merger arbitrageur might buy Circuit City shares, and short Blockbuster shares, hoping to profit from the eventual convergence of these values. Merger Arbitrage: How to Profit from Event-Driven Arbitrage Publisher: W i l e y | 2009 | PDF | ISBN: 0470371978 | 355 pages | 15.5.