Written by a fund manager who invests solely in merger arbitrage and other event-driven strategies, Merger Arbitrage is the definitive book on how this hedge fund strategy works. Initial chapters are dedicated to the ins and outs of the strategy: 1. Cash mergers versus stock for stock mergers; 2. The financingand legal aspects of mergers; and 3. Examples of ‘pitfalls’ in the merger process when a deal falls through, such as through management or government intervention. Later chapters focus on giving the reader sound advice for starting his or her own merger arbitrage fund or portfolio. Chapter 12, ‘Investing in Arbitrage,’ covers the following topics: 1. Trading versus investing; 2. Leverage and options; 3. Shorting stocks; 4. Unconventional strategies, such as derivatives and swaps; 5. Transaction costs; and 6. Managing the tricky cash position, which is difficult since closing dates on a merger are always subject to change.
- ISBN: 978-0-470-37197-8
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 368
- Fecha Publicación: 12/08/2009
- Nº Volúmenes: 1
- Idioma: Inglés