Merger Arbitrage: How to Profit from Event-Driven Arbitrage
| Author | : | |
| Rating | : | 4.71 (837 Votes) |
| Asin | : | 0470371978 |
| Format Type | : | paperback |
| Number of Pages | : | 355 Pages |
| Publish Date | : | 2016-07-15 |
| Language | : | English |
DESCRIPTION:
Excellent Read for Any Investor I just finished reading the Merger Arbitrage book by Thomas Kirchner and I really enjoyed it. Mr. Krichner's book broke down the philosophy and process behind investing in mergers in a simple and concise way so that anyone can understand how merger arbitrage works. The book has detailed examples of past mergers which really help to illustrate how mergers operate and how to take advantage of them. The book also talks about risks involved with mergers and explains how some risks really aren't that bad considering the potential up si. Jackal said Based on the author's track record I would not recommend this bok. I read a lot of books, but I also do due diligence before I read something. When I looked at the author's fund, it was clear that it was underperforming for very long stretches of time. Before you buy the book, do the research.. very shallow the contents are very shallow and unorganized. merger arb involves a strong understanding of corporate and securities laws whose concepts are described very very briefly only. nothing to get out of this book.
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, Merger Arbitrage 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.Initial chapters are dedicated to the in
Kirchner¿s personal blog, The Deal Sleuth, tracks problematic mergers. He also serves as the President and a trustee of the fund. THOMAS KIRCHNER, CFA, is the founder and portfolio manager of the Pennsylvania Avenue Funds (pennavefunds), which invests in merger arbitrage and other event-driven strategies. He holds a BSc from King¿s
Kirchner, CFA (New York, NY), is the founder and portfolio manager of Pennsylvania Avenue Funds (pennavefunds), which invests in merger arbitrage and other event-driven strategies.. For those looking to gain an edge in the merger arbitrage arena, this book has everything they need to succeed.Thomas F. 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. 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