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Kirchner, Thomas

Merger Arbitrage: How to Profit from Global Event-Driven Arbitrage

Kirchner, Thomas - Merger Arbitrage: How to Profit from Global Event-Driven Arbitrage, ebook

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ISBN: 9781118736661
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Mitigate risk and increase returns with an alternative hedge fund strategy

Merger Arbitrage: How to Profit from Event-Driven Arbitrage, Second Edition is the definitive guide to the ins and outs of the burgeoning merger arbitrage hedge fund strategy, with real-world examples that illustrate how mergers work and how to take advantage of them. Author Thomas Kirchner, founder of the Pennsylvania Avenue Event-Driven Fund, discusses the factors that drove him to invest solely in merger arbitrage and other event-driven strategies, and details the methods used to incorporate merger arbitrage into traditional investment strategies.

And while there is always a risk that a deal will fall through, the book explains how minimal such risks really are when the potential upside is factored in. Early chapters of the book focus on the basics of the merger arbitrage strategy, including an examination of mergers and the incorporation of risk into the arbitrage decision. Following chapters detail deal structures, financing, and legal aspects to provide the type of in-depth knowledge required to execute an effective investment strategy. The updated second edition stresses new, increasingly relevant information like:

  • Worldwide legal deal regimes
  • UK takeover code
  • UK takeover code global offspring
  • Regulators around the world

The book provides clear, concise guidance on critical considerations including leverage and options, shorting stocks, and legal recourse for inadequate merger consideration, allowing readers to feel confident about trying a new investment strategy. With simple benefits including diversification of risk and return streams, this alternative hedge fund strategy has a place in even the most traditional plan. Merger Arbitrage: How to Profit from Event-Driven Arbitrage, Second Edition provides the information that gives investors an edge in the merger arbitrage arena.

Keywords: Merger Arbitrage: How to Profit from Event-Driven Arbitrage, Second Edition, Thomas Kirchner, Pennsylvania Avenue Event-Driven Fund, Quaker Event Arbitrage Fund, alternative investment strategies, event-driven investment strategies, hedge fund strategy, merger investment, active portfolio management, distressed debt analysis, equity investing, profiting from mergers, riskless investment, risk management, institutional investment, risk diversification, UK takeover code, investment strategy, effective hedge fund strategies, Institutional & Corporate Finance

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2016
Language
en
Edition
2
Series
Wiley Finance
Page amount
528 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781118736661
Printed ISBN
9781118736357

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