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Corporate Arbitrage: A Multistrategy Overview by Jereynier is a document available to read on EtoBox.
What is Corporate Arbitrage: A Multistrategy Overview about?
Convertible arbitrage seeks to capture pricing differences between convertible securities and their theoretical values. Arbitrageurs buy convertible bonds trading at a discount to their estimated fundamental value, which is the sum of the bond and equity components, and hedge the equity risk by shorting the underlying stock. By building a diversified portfolio and hedging other risks, convertible arbitrage aims to generate excess returns with low correlation to traditional asset classes. A dynamic, multistr
- Author
- Jereynier
- Language
- EN