Book description
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 (www. pennavefunds. com), which
invests in merger arbitrage and other event-driven strategies.
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.
