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

Merger Arbitrage/Risk Arbitrage research analyst. Focusing on identifying company specific catalysts such the addition or deletion of a stock from an index, the start-up of a new mine or a merger arbitrage opportunity provides a great way to maximize non-correlated long term investment returns while minimizing risk. Available at Amazon, Barnes & Noble, Borders and other booksellers. That is the month Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund [PAEDX], which uses merger arbitrage. The first one pops up in our own merger arbitrage portfolio every December. However, merger arbitrage works best over several different deals and opportunities, requiring heavy capital constraints making it pretty inaccessible for most retail investors. A leading firm is looking to add a senior research analyst to their event-driven trading desk in London. 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. Event-Driven Hedge Strategy Family Office Definition: Event-Driven Hedge Strategy Event-Driven Hedge Strategy definition: Event-driven hedge strategies profit from one-time events. AIM: Describe the underlying characteristics, sources of returns and risk exposures of various hedge fund strategies including: Event-driven and merger arbitrage. Analysts in hedge fund jobs using this strategy will often identify imbalances in Arbitrage Strategy Relative value, or arbitrage, strategies are employed by hedge funds that specialize in transactions across value differentials between types of related financial instruments. Disclosure: Thomas Kirchner manages the Pennsylvania Avenue Event-Driven Fund (PAEDX), which owns shares of Sun Microsystems as part of its merger arbitrage strategy. Staying Market Neutral As investors crave more advanced The underlying index is rebalanced every five days, rather than monthly or quarterly, allowing for the fund to capture these event driven gains. Analyst on their risk-arbitrage team. Few books have ever been published about merger arbitrage. 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. Event driven strategies focus on temporary value changes produced by one-time events such as mergers, bankruptcies, and corporate restructuring. There are opportunities to profit from this growth in acquisition activity. Chapter 1 of the book Merger Arbitrage: How To Profit From Event-Driven Arbitrage by Thomas Kirchner. Event-driven funds seek to profit from securities whose value is affected by events such as mergers and acquisitions, and reorganizations. Merger Arbitrage: How To Profit From Event-Driven Arbitrage explains everything you need to know about merger arbitrage.