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

This article was sent to people who get email alerts on . Event-driven funds seek to profit from securities whose value is affected by events such as mergers and acquisitions, and reorganizations. 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. Some of the Merger arbitrage – With this strategy, fund managers invest in unique opportunities for profit driven by corporate action. Few books have ever been published about merger arbitrage. 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. 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 investment approaches generally carry a moderate risk. The first one pops up in our own merger arbitrage portfolio every December. Event-driven Hedge Fund Strategy. That is the month Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund [PAEDX], which uses 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 explains everything you need to know about merger arbitrage. 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.