您的购物车中没有商品。

Merger Arbitrage: How to Profit from Event-Driven Arbitrage, 2nd Edition

Merger Arbitrage: How to Profit from Event-Driven Arbitrage, 2nd Edition

  • 作者:
  • 出版商: John Wiley & Sons
  • ISBN: 9781118736357
  • 出版时间 April 2016
  • 规格: Hardback , 528 pages
  • 适应领域: International ? 免责申明:
    Countri(es) stated herein are used as reference only

List Price: ¥902.50

¥875.43 Save ¥27.08 (3%)

发货时间:大约 4-5 weeks
Extra 2-10 working days if shipping address outside Hong Kong
Free delivery Hong Kong?
Hong Kong: free delivery (order over HKD 1000)
  • 描述 
  • 大纲 
  • 作者 
  • 详细

    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.

  • Preface vii

    Acknowledgments xi

    PART ONE The Arbitrage Process 1

    CHAPTER 1 Introduction to Merger Arbitrage 3

    CHAPTER 2 The Mechanics of Merger Arbitrage 18

    CHAPTER 3 The Role of Merger Arbitrage in a Diversified Portfolio 50

    CHAPTER 4 Incorporating Risk into the Arbitrage Decision 103

    PART TWO Pitfalls of Merger Arbitrage 141

    CHAPTER 5 Sources of Risk and Return 143

    CHAPTER 6 Deal Structures: Mergers and Tender Offers 188

    CHAPTER 7 Financing 217

    CHAPTER 8 Legal Aspects 250

    CHAPTER 9 Management Incentives 293

    CHAPTER 10 Buyouts by Private Equity 328

    CHAPTER 11 Minority Squeeze-Outs 341

    PART THREE Investing in Merger Arbitrage 361

    CHAPTER 12 Government Involvement 363

    CHAPTER 13 Four Ways to Fight Abuse of Shareholders in Mergers 409

    CHAPTER 14 Investing in Arbitrage 435

    Notes 475

    About the Author 483

    Exercises 485

    Index 497

  • THOMAS F. KIRCHNER is a portfolio manager of the Quaker Event Arbitrage Fund, a mutual fund that uses merger arbitrage as one of its investment strategies.

你可能需要

Hong Kong Company Secretary Checklist, 2nd Edition
Hong Kong Company Secretary Checklist, 2nd Edition

List Price: ¥1,311.00

¥1,271.67 Save ¥39.33 (3%)

Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
¥3,229.05
The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)
The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)

List Price: ¥508.25

¥493.00 Save ¥15.25 (3%)

Company Law in Hong Kong: Practice and Procedure 2023 (Hardcopy + e-Book)
Company Law in Hong Kong: Practice and Procedure 2023 (Hardcopy + e-Book)

List Price: ¥3,038.10

¥2,946.96 Save ¥91.14 (3%)

Butterworths Hong Kong Discrimination Law Handbook, 4th Edition
Butterworths Hong Kong Discrimination Law Handbook, 4th Edition

List Price: ¥1,425.00

¥1,282.50 Save ¥142.50 (10%)

Sentencing in Hong Kong, 11th Edition
Sentencing in Hong Kong, 11th Edition

List Price: ¥3,401.00

¥3,060.90 Save ¥340.10 (10%)

Butterworths Hong Kong Company Law (Winding-Up and Miscellaneous Provisions) Handbook, 6th Edition
Butterworths Hong Kong Company Law (Winding-Up and Miscellaneous Provisions) Handbook, 6th Edition

List Price: ¥2,166.00

¥1,949.40 Save ¥216.60 (10%)

Butterworths Hong Kong Company Law Handbook, 26th Edition
Butterworths Hong Kong Company Law Handbook, 26th Edition

List Price: ¥4,180.00

¥3,762.00 Save ¥418.00 (10%)

Cross-Border Crime in Hong Kong: Extradition, Mutual Assistance & Financial Sanctions, 3rd Edition
Cross-Border Crime in Hong Kong: Extradition, Mutual Assistance & Financial Sanctions, 3rd Edition

List Price: ¥1,976.00

¥1,916.72 Save ¥59.28 (3%)

Clough & Clough on Personal Injuries
Clough & Clough on Personal Injuries

List Price: ¥1,425.00

¥1,382.25 Save ¥42.75 (3%)

Hong Kong Personal Insolvency Manual, 3rd Edition
Hong Kong Personal Insolvency Manual, 3rd Edition

List Price: ¥1,900.00

¥1,843.00 Save ¥57.00 (3%)

Butterworths Hong Kong Conveyancing and Property Law Handbook, 6th Edition
Butterworths Hong Kong Conveyancing and Property Law Handbook, 6th Edition

List Price: ¥1,710.00

¥1,658.70 Save ¥51.30 (3%)

A Practical Guide to Resolving Shareholder Disputes, 2nd Edition
A Practical Guide to Resolving Shareholder Disputes, 2nd Edition

List Price: ¥1,710.00

¥1,658.70 Save ¥51.30 (3%)

Tort Law in Hong Kong, 5th Edition (Hardcopy + ebook)
Tort Law in Hong Kong, 5th Edition (Hardcopy + ebook)

List Price: ¥2,375.00

¥2,303.75 Save ¥71.25 (3%)

Hong Kong Company Law, 15th Edition
Hong Kong Company Law, 15th Edition

List Price: ¥467.40

¥453.38 Save ¥14.02 (3%)

Company Law in Hong Kong: Insolvency 2023 (Hardcopy + e-Book)
Company Law in Hong Kong: Insolvency 2023 (Hardcopy + e-Book)

List Price: ¥2,700.85

¥2,619.82 Save ¥81.03 (3%)

Law of Companies in Hong Kong, 4th Edition (Hardcopy + e-Book)
Law of Companies in Hong Kong, 4th Edition (Hardcopy + e-Book)

List Price: ¥3,325.00

¥3,225.25 Save ¥99.75 (3%)

Private Equity in Hong Kong and China, 4th Edition
Private Equity in Hong Kong and China, 4th Edition

List Price: ¥1,900.00

¥1,843.00 Save ¥57.00 (3%)

Butterworths Hong Kong Company Law Handbook, 25th Edition
Butterworths Hong Kong Company Law Handbook, 25th Edition

List Price: ¥4,275.00

¥4,146.75 Save ¥128.25 (3%)

Hong Kong Family Court Practice, 4th Edition
Hong Kong Family Court Practice, 4th Edition

List Price: ¥2,565.00

¥2,488.05 Save ¥76.95 (3%)