Remove convertible-arbitrage
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Convertible Arbitrage Hedge Funds: The Perfect Combination of Investment Banking and Sales & Trading?

Brian DeChesare

But there might be another equally valid answer: “If you can’t decide, do both and use your combined skills and experience to move into a convertible arbitrage hedge fund.”. Convertible bonds are hybrid instruments with elements of debt and equity, and some groups that trade convertible bonds also combine elements of S&T and IB.

Banking 64
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Delaware (Again!) Requires Upward Adjustment to Deal Price in Appraisal Proceeding Despite Objectively Fair Sales Process

Cooley M&A

A recent Court of Chancery decision adds yet another wrinkle to the appraisal landscape and the potential for appraisal arbitrage. That result—attributable to buyer’s decreasing stock value—may indicate that transactions using mixed consideration are at greater risk for appraisal arbitrage, as previewed above.

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Sales & Trading Exit Opportunities: The Top 10 Ways to Make Your Escape

Brian DeChesare

Besides that, relative value strategies such as convertible arbitrage could work well, and so could certain credit hedge funds. But you wouldn’t be the best candidate for most equity or event-driven strategies, such as merger arbitrage , since the skill sets are quite different.

Banking 69
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Let’s Stop Treating Crypto as If It Were Finance

Reynolds Holding

Avoiding excessive systemic risk would require, at the very least, a massive and likely futile attempt – given the regulatory arbitrage built into crypto trading – by regulators to reduce risk-taking in crypto markets. Those playing the crypto trading game (as institutions or individuals) are seeking financial rewards.

Finance 145
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Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Brian DeChesare

Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. With this one, you need to look at the entire category , which means merger arbitrage on one end and activist on the other.

Equity 64
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SEC Chair Gensler Speaks on Crypto Markets

Reynolds Holding

8] For instance, what backs these tokens so we can make sure that these holdings can actually be converted to dollars one-to-one? Let’s not risk undermining 90 years of securities laws and create some regulatory arbitrage or loopholes. Many of those issues are discussed in the recent President’s Working Group Report. [8] ENDNOTES. [1]

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SEC Commissioner Speaks on IPOs and the Rise of SPACs

Reynolds Holding

Further, I’m interested in understanding who the shareholders who choose not to redeem and convert their investment into the de-SPAC’d operating company are. Do these combined circumstances contribute to momentum for sub-optimal or inefficient de-SPAC transactions?