Merger arbitrage managers have seen increasing opportunities in the last six months and a number of larger 'mega deals' and hostile acquisitions.
However, merger arbitrage is yet to over-take the other main event-driven strategy, distressed investing, and is unlikely to return to the levels of 1999/2000.
According to Dorothy DeWitt, manager the GAM Multi-arbitrage Fund, while there is increasing deal flow, enthusiasm will be dampened by caution. "There were a lot of senseless and costly acqui
The week on Risk.net, December 2–8, 2017Receive this by email