Market watch

It is always a time for optimism when a new year starts, and no more so than in the world of event-driven arbitrage, where most of the players spent most of the last year comatose with boredom compared with the preceding years.

One question that keeps popping up is: why if stock markets and interest rates are so low (and therefore the cost of borrowing) was corporate activity so weak last year? More importantly, what, if anything, is going to trigger a change?

To answer this you need to look

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