Merger Arbitrage: How to Profit from Event–Driven Arbitrage - Couverture rigide

Kirchner, Thomas

Couverture rigide

ISBN 10 : 0470371978 ISBN 13 : 9780470371978

Editeur : John Wiley & Sons, 2009

Synopsis

A detailed look at an important hedge fund strategy Written by a fund manager who invests solely in merger arbitrage, also referred to as risk arbitrage, and other event-driven strategies, Merger Arbitrage is the definitive book on how this alternative hedge fund strategy works. Initial chapters are dedicated to the ins and outs of the strategy-cash mergers versus stock for stock mergers, legal aspects of mergers, and pitfalls of the merger process-while later chapters focus on giving the reader sound advice for integrating merger arbitrage into an investment portfolio. Merger Arbitrage helps readers understand leverage and options, shorting stocks, and legal aspects of merger arbitrage, including seeking appraisal or filing lawsuits for inadequate merger consideration. For those looking to gain an edge in the merger arbitrage arena, this book has everything they need to succeed. Thomas F. Kirchner, CFA (New York, NY), is the founder and portfolio manager of Pennsylvania Avenue Funds (), which invests in merger arbitrage and other event-driven strategies.

A propos du livre

Quatrième de couverture :

Praise for Merger Arbitrage

"This is a knowledgeable and detailed review of risk arbitrage. Mr. Kirchner demonstrates a command of his subject and touches on a nice range of issues that confront the merger arb professional. A nice introduction and reference guide to this exciting and challenging investment strategy."
Scott Stuart, Risk Arbitrage Columnist for the Daily Deal and thedeal.com

"Merger arbitrage is a strategy that appears to be simple but where the devil is in the details. Thomas Kirchner has done a great job explaining all the technical and legal aspects behind the business of merger arbitrage in a user–friendly way. This book is a must–read for every serious investment professional and savvy individual investor interested in this strategy."
François Lhabitant, Chief Investment Officer, Kedge Capital, and Professor of Finance, HEC Lausanne and EDHEC Business School

Merger Arbitrage is the definitive book on one of the most effective forms of arbitrage. Organized into three comprehensive parts, this reliable resource introduces you to the basics of the arbitrage process in Part One, discusses the possible pitfalls of the approach in Part Two, and deals with some practical questions of investing in merger arbitrage in Part Three.

Filled with in–depth insights and expert advice, this timely guide goes beyond the description of the arbitrage process to examine the benefits of adding merger arbitrage to your portfolio, while introducing you to the vehicles that can be used to incorporate this strategy into your everyday investment endeavors.

Biographie de l'auteur :

THOMAS KIRCHNER, CFA, is the founder and portfolio manager of the Pennsylvania Avenue Funds (www.pennavefunds.com), which invests in merger arbitrage and other event–driven strategies. He also serves as the President and a trustee of the fund. Kirchner¿s personal blog, The Deal Sleuth, tracks problematic mergers. He holds a BSc from King¿s College, University of London, a Dipl¿me from the Institut d¿Etudes Politiques de Paris (Sciences Po), and an MBA from the University of Chicago Booth School of Business.

À propos de cette édition

• Éditeur: John Wiley & Sons
• Date d'édition: 2009
• ISBN 10: 0470371978
• ISBN 13: 9780470371978
• Reliure: Relié
• Nombre de pages: 356