Merger Arbitrage

A detailed look at an important hedge fund strategy Written by a fund manager who invests solely in mergerarbitrage, also referred to as risk arbitrage, and otherevent-driven strategies, Merger Arbitrage is the definitive book onhow this alternative hedge fund strategy works. Initial chaptersare dedicated to the ins and outs of the strategy-cashmergers versus stock for stock mergers, legal aspects of mergers,and pitfalls of the merger process-while later chapters focuson giving the reader sound advice for integrating merger arbitrageinto an investment portfolio. Merger Arbitrage helps readersunderstand leverage and options, shorting stocks, and legal aspectsof merger arbitrage, including seeking appraisal or filing lawsuitsfor inadequate merger consideration. For those looking to gain anedge in the merger arbitrage arena, this book has everything theyneed to succeed. Thomas F. Kirchner, CFA (New York, NY), is the founder andportfolio manager of Pennsylvania Avenue Funds(www.pennavefunds.com), which invests in merger arbitrage and otherevent-driven strategies.