Has the death of merger arbitrage been greatly exaggerated?

merger arbitrage

The epitaph for merger arbitrage has been written more than once. For example, Arne Hassle, chief investment officer at Coronation Fund Managers, says: "Pure merger arbitrage is a strategy we doubts will ever re-emerge as a single strategy."

John Godden, managing director of HFR adds: "Merger arbitrage (M&A) has been deeply unpopular because the opportunity set has not been there. There was a comeback forecast for 2003, which didn't mature."

However, 2004 proved that merger arbitrage is not dead

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here