Hints and tips:
...But the deal — which is due to close on Wednesday — could already signal mega paydays for hedge funds including Pentwater, Millennium Management and DE Shaw....
...Apollo and Athene insist that the Bermuda activities have nothing to do with regulatory arbitrage....
...Oasis has described the combined 65 per cent interest as “financial arbitrage” in favour of Goldman Sachs....
...It is basic maths that increasingly gnaws at the masters of the universe....
...Whenever a large merger is announced, so-called merger arbitrage funds place bets that seek to profit from the deal eventually closing....
...The FT’s Brooke Masters examines why Santander and Bank of Montreal still haven’t given up....
...Other prominent investors such as hedge funds Pentwater Capital and DE Shaw put on more complex arbitrage trades and now stand to earn returns as high as $200mn, the FT reported....
...We have seen the recovery fund compared to the Master Liquidity Enhancement Conduit, better known as the Super SIV....
...Investors need to ask more questions, writes the FT’s Brooke Masters....
...However, Rio will need to win over minority shareholders in Turquoise Hill, including SailingStone Capital Partners and US hedge fund Pentwater Capital Management....
...The C$34-a-share offer price is about 10 per cent more than Pentwater’s average cost....
...These diverse factors have created a golden era for merger arbitrage funds that bet on when and if signed M&A deals will close....
...Incoming chief executive Laxman Narasimhan faces the daunting task of navigating America’s culture wars and economic turmoil, writes the FT’s Brooke Masters....
...In May, Tikehau and Arnault’s separate vehicle Pegasus Entrepreneurs struck a deal to list Master Chef and Black Mirror producer Banijay....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
...bond fund would have been....
...Merger arbitrage hedge funds aiming to profit from the uncertainty over whether corporate takeovers that have been agreed will ultimately be completed say the US stock market now offers more compelling targets...
...arbitrage: busted rocket deal shows hedge funds the opportunity in antitrust risk (Lex)...
...Teneo’s top spin master gets trapped in the news cycle It took Declan Kelly and Doug Band a decade to build Teneo into the go-to advisory group for CEOs looking to navigate — or, better still, avoid — a...
...That’s one reason the Australian shares trade at a substantial premium to the London stock, which jumped on Tuesday as hedge funds started to arbitrage the spread between the two....
...Its private investors no longer appear willing to fund its losses....
...While Swensen’s approach helped to drive billions of dollars of investment into private equity and hedge funds, transforming their founders into the “masters of the universe”, it wasn’t always smooth sailing...
...Plus, one big collab to start: we’ve teamed up with our friends at Alphaville to bring you The Due Diligence x FT Alphaville Spac Master Sheet so you can check up on how your favourite (or least favourite...
...Under Ackman’s new regime, the Canadian operator unsuccessfully approached US rival CSX, and then Norfolk Southern, about potential mergers in 2014 and 2016....
...Perhaps the Oracle of Omaha saw a glimpse into his future that day — not as just an artist and successful businessman but as a master dealmaker....
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