Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- A Fresh Look at Merger Risk
- Article discloses that merger arbitrage is riskier than it looks. Arbitrageurs are used to trying to explain the complexities of what they do engaging in trading strategies that take advantage of pricing differences between a security, currency, or commodity traded on several markets. To the investing public, they often loom...
- White papers 2002-02-18
Additional Resources
- Inference and Arbitrage: The Impact of Statistical Arbitrage on Stock Prices
- This paper models the impact of statistical arbitrageurs on stock prices and trading volume when the drift of the dividend process is unknown to the hedge fund. The learning process of statistical arbitrageurs leads to an optimal trading strategy that can be upward sloping in prices. The presence of privately...
- White papers 2001-05-07
- Takeovers, Freezouts, and Risk Arbitrage
- This paper develops a dynamic model of tender offers in which there is trading on the target's shares during the takeover. It also tells about the condition where bidders can freeze out target shareholders compulsorily acquire remaining shares not tendered at the bid price, and features that prevail on almost...
- White papers 2001-03-01
- Limited Arbitrage in Mergers and Acquisitions
- A diversified portfolio of risk arbitrage positions produces an abnormal return of 0.6–0.9% per month over the period from 1981 to 1996. It trace these profits to practical limits on risk arbitrage. In the model of risk arbitrage, arbitrageurs' risk-bearing capacity is constrained by deal completion risk and the size...
- White papers 2001-06-01
- Convertibles Market 2000
- This paper describes how convertible bond arbitrageurs escaped the telecom crash by over hedging their portfolios. In this scenario, convert arbitrageurs, as the primary providers of liquidity to this niche market, could have the Janus Fund and the entire mutual fund industry effectively at their mercy- unless, of course, these...
- White papers 2000-09-01
- Index funds take big hits from arbitrage; Greatest amount of pain in portfolios tracking Russell 2000.(News)
- Byline: David Hoffman NEW YORK - When Amazon .com Inc. was added to the Standard & Poor's 500 stock index last year, arbitrageurs went to work, and index fund investors paid the price. From Nov. 14,...
- Research articles 2006-03-20
- Phoenix proposals for Eaglet.
- Can investors defeat the arbitrageurs at next week's annual general meeting? John McLeod Can investors defeat the arbitrageurs at next week's annual general meeting? John McLeod
- Research articles 2007-12-05
- Sun, IBM: An Arbitrage Lesson to Learn
- Dobromir Stoyanov submits: The big news Monday was the failed merger talks between Sun Microsystems and IBM. Sun Microsystems JAVA lost almost 23% of its value after the news hit the street. [[JAVA]] exploded on March 17 after rumors of a potential bid by [[IBM]] made Sun’s shares 79% more...
- External links 2009-04-07
- Higher Downside Risk Brings Bigger Returns
- Conventional explanations of the momentum effect use behavioral models with imperfect information and investor behavior and rely on the fact that arbitrage is limited, so that arbitrageurs cannot eliminate the apparent profitability of momentum strategies. In this paper, the authors show that momentum strategies have high exposures to the systematic...
- White papers 2003-01-01
- Risk Arbitrage
- Risk arbitrage is one of several styles of hedge fund investing that constitutes the event driven strategy. Event driven investing is a strategy that seeks to profit from special situations or opportunities to capitalize on price fluctuations or imbalances. It is generally equity-oriented investing designed to capture share price movement...
- White papers 2001-11-01
- Strips: Arbitraging the Eurodollar Cash and Futures Markets
- The article emphasizes that one of the most significant uses of contracts has been by arbitrageurs in the money markets that often combine cash and futures positions to create a synthetic instrument called a "strip." Many of the trades in the quarterly Eurodollar futures contracts are devoted to these strategies....
- White papers 2001-06-01
- Asset Mispricing, Arbitrage, and Volatility
- This article builds on an important and insightful recent model of arbitrage by professional traders who need but lack wealth of their own to trade Professional arbitrageurs must convince wealthy but uninformed investors to entrust them with investment capital in order to exploit mispricing and push the market back toward...
- White papers 2002-11-01
- Arbitrage at Its Limits: Hedge Funds and the Technology Bubble
- Classical finance theory maintains that rational arbitrageurs would find it optimal to attack price bubbles and thus exert a correcting force on prices. It examines stock holdings of hedge funds during the time of the technology bubble on the NASDAQ. Counter to the classical view, it finds that hedge fund...
- White papers 2002-10-01
- Put-Call Parity and Arbitrage Opportunity
- An important principle in options pricing is called put-call parity. It says that the value of a call option at one strike price implies a certain fair value for the corresponding put, and vice versa. The argument for this pricing relationship relies on the arbitrage opportunity that results if there...
- White papers 2005-01-19
- Wall Street Drooling Over Chrysler Deal; Arbitrageurs Stir Up Financing Talk.(Originated from Detroit Free Press)
- DETROIT--Apr. 19--George Kellner talked up Kirk Kerkorian's proposed $22.8-billion buyout of Chrysler with all the zeal of Dick Vitale hyping the latest college hoop star, but not many investors were listening Tuesday. DETROIT--Apr. 19--George Kellner talked up Kirk Kerkorian's proposed $22.8-billion buyout of Chrysler with...
- Research articles 1995-04-18
- Anheuser Busch Discount to InBev Deal
- Scott Rothbort submits: Budweiser BUD continues to trade at a big discount to the $70 all cash acquisition price from InBev. On Thursday InBev (INBVF.PK) affirmed that the deal is on track. I hear from my investment banking experts that the deal is fully funded. However, the arbitrageurs who...
- External links 2008-11-09
- American company comes marching in with Saints
- SIR Jack Shaw is expected this week to announce a decision on the future of the troubled #615 million Scottish American Investment Company Saints with Aberdeen Asset Management strongly tipped to take it over. Sir Jack, also the Bank of Scotland's acting governor, has been forced into...
- Research articles 1999-07-11
- Cluett files suit to thwart Calif. investment group. (Cluett, Peabody & Co.)
- NEW YORK FNS -- Cluett, Peabody & Co., Inc., filed suit Monday in federal court here to stop a California investment group from purchasing any more of its stock or voting the shares it already has. Cluett said the investors, Sacramento-based businessman Paul A....
- Research articles 1985-07-02
- AMP needs to get the rights balance in setting its issue price.
- Oct 17, 2003 (The Age - ABIX via COMTEX) Australian insurance company, AMP, is demerging its UK assets. As part of the demerger, it plans a $A1.2bn rights issue to refinance the same amount of reset preference shares. Without the rights issue, the Australian...
- Research articles 2003-10-17
- When grey is good: the European Union should be encouraging "grey" imports, not banning them.(Brief Article)(Editorial)
- DURING the French revolution, arbitrageurs sometimes paid the highest price: they were guillotined. In deciding how to deal with those who exploit differences in the prices for which branded goods sell in different markets, the European Court of Justice has not gone so far. But, with...
- Research articles 1998-08-22
- << Previous
- page 1 of 1
- Next >>
