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

Merger Arbitrage: How to Profit from Event-Driven Arbitrage



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


Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund (PAEDX), which holds arbitrage positions in SPACs not mentioned here. Merger risk arbitrage loosely refers to practices that investors use to profit from arbitrage spread opportunities typically created by cash or stock acquisitions of publicly traded companies. 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. The arbitrage fund, Paulson Enhanced, is up 10.5 percent while Paulson International is up almost 5 percent. Two key aspects of Perry's acquisition transactions in Mylan stock may have driven the outcome of the Perry Order. In a stock-for-stock merger, the pre-merger arbitrage spread opportunity exists .. 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. 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. Merger Arbitrage or relative-value strategy hedge funds which aim to profit off from mispricings while unsuccessful in others. This article was sent to people who get email alerts on . 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. Surprisingly, John Paulson's merger arbitrage funds are returning better than his event driven strategies. Contrarily, Paulson Advantage and Advantage Plus are down 12.68 and 18.4 percent respectively. The Havens funds, investing in Merger Arbitrage and High Yield/Bankruptcy situations, were a logical outgrowth of those years.