Abstract

http://ssrn.com/abstract=926181
 
 

References (10)



 


 



Merger Arbitrage Hedge Funds


Stanley B. Block


Texas Christian University - M.J. Neeley School of Business


Journal of Applied Finance, Vol. 16, No. 1, Spring/Summer 2006

Abstract:     
Because hedge funds tend to be market neutral, they have made it increasingly difficult for traditional portfolio managers to hide behind comparative performance matrices (such as Standard & Poor's 500 Stock Index) in times of flat or declining markets (such as 2000-2002). Of particular interest among hedge funds is the merger arbitrage hedge play. This article examines the various forms of merger arbitrage based on cash transactions and stock transactions. The important message is that by carefully assessing the likelihood and time period for consummation, appropriate returns can be earned in different types of market environments.

Number of Pages in PDF File: 9

JEL Classification: G2, G3

Accepted Paper Series


Date posted: August 24, 2006  

Suggested Citation

Block, Stanley B., Merger Arbitrage Hedge Funds. Journal of Applied Finance, Vol. 16, No. 1, Spring/Summer 2006. Available at SSRN: http://ssrn.com/abstract=926181

Contact Information

Stanley B. Block (Contact Author)
Texas Christian University - M.J. Neeley School of Business ( email )
Fort Worth, TX 76129
United States
817-257-7561 (Phone)
817-257-7227 (Fax)
Feedback to SSRN


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References:  10

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