2nd Edition
The definitive guide to risk arbitrage, fully updated with new laws, cases, and techniques
Risk Arbitrage is the definitive guide to the field and features a comprehensive overview of the theory, techniques, and tools that traders and risk managers need to be effective. This new edition is completely updated and fully revised to reflect the changes to laws and technology and includes new case studies and a detailed discussion of computer-based trading systems. Readers gain deep insight into the factors and policies that affect merger transactions, and the new developments that allow individuals to compete with professionals in managing risk arbitrage portfolios. The book provides techniques for computing spreads and determining risk, with practice exercises that allow readers to become confident with new methods before using them professionally.
The current wave of corporate mergers, acquisitions, restructurings, and similar transactions has created unprecedented opportunities for those versed in contemporary risk arbitrage techniques. At the same time, the nature of the current merger wave has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to all types of investors. Risk Arbitrage provides the essential guidance needed to participate in the business.
Get up to date on the most recent developments in risk arbitrage
Examine new mergers and the legal changes that affect them
Learn how computers and trading systems have affected competition
Use the tools that enable risk determination and spread computation
Both the growth in hedge funds and the changing nature of the merger and acquisition business have affected risk arbitrage processes and techniques. For the finance professional who needs expert guidance and the latest information, Risk Arbitrage is a comprehensive guide.
Advance Praise for Risk Arbitrage: An Investor's Guide, 2nd Edition
"Whenever I think of risk arbitrage, I am reminded of the old Wall Street proverb, 'Give a man a fish and you feed him for a day. Teach him how to arbitrage and you feed him forever.' With the skills learned from Moore's book, you will never go hungry."
—Paul D. Sonkin, co-author of Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street
"Keith provides good insights for looking at risk arb from multiple prisms, and in particular, from a legal point of view. A must read for those seeking investment opportunities generating absolute returns."
—Mario Gabelli, founder, Chairman, and CEO of GAMCO (Gabelli Asset Management Company) Investors, Inc.
Product details
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Series: Wiley Finance (Book 478)
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Hardcover: 368 pages
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Publisher: Wiley; 2 edition (May 8, 2018)
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Language: English
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ISBN-10: 047037974X
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ISBN-13: 978-0470379745
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Product Dimensions: 6.1 x 1.3 x 8.8 inches
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Shipping Weight: 1.4 pounds
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