The current wave of corporate mergers, acquisitions, restructurings, and similar transactions has created unprecedented opportunities for those who are savvy in the ways of modern risk arbitrage techniques. At the same time, a variety of factors impacting how M&As are conducted has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to all types of investors.
Despite the growing popularity of this type of investing, with the exception of the first edition of this book, there continues to be a surprising lack of expert guides to risk arbitrage investing. Hailed by one enthusiastic reviewer as the "first systematic attempt to break the silence around the secrets of the investment and trading strategy that exploits these corporate restructurings," the first edition of this book, for the first time, made risk arbitrage available to anyone interested in learning how it's done.
But a lot has changed in the industry over the past decade. The rapid growth of the hedge fund industry, along with the changing nature of M&As has greatly affected the process of risk arbitrage and the techniques used to participate in it. And while Risk Arbitrage is still universally recognized as the definitive book on the subject, it was time for a revamping of the original. In creating Risk Arbitrage, Second Edition, Keith M. Moore took pains to make it as current as possible without losing any of the qualities and features that earned that modern classic its reputation. Thoroughly updated and revised, this new edition:
Designed to get you quickly up to speed on basic risk arbitrage concepts, terminology, and equations, as well as the latest investing and trading strategies and techniques. Risk Arbitrage, Second Edition is your guide to safely navigating and profiting from one of today's most exciting investment opportunities.