event driven investing books

Find all the books, read about the author, and more. The book is split into three parts. A Book Club Sponsored Event Lunch, salad, and dessert will be catered by Mendocino Farms. Number of recommendations: 4. From researching prospects and determining positions, to hedging and trading tactics, Lionel Melka and Amit Shabi present the full complement of sophisticated risk arbitrage techniques, making Merger Arbitrage a must read for finance and investment professionals who want to take advantage of the nearly limitless opportunities afforded by today's rapidly changing global business environment. Get started. To get the free app, enter your mobile phone number. Moyer, S. G. (2005). But also in a way kind of nichey. From researching prospects and determining positions, to hedging and trading tactics, Lionel Melka and Amit Shabi present the full complement of sophisticated risk arbitrage techniques, making Merger Arbitrage a must read for finance and investment professionals who want to take advantage of the nearly limitless opportunities afforded by today's rapidly changing global business environment. Ignore the ridiculous title, this is a fantastic book. Hide other formats and editions. Please choose a different delivery location or purchase from another seller. There was a problem loading your book clubs. It is usually a short-term investment strategy. An event-driven strategy is a type of investment strategy that attempts to take advantage of temporary stock mispricing, which can occur before or after a corporate event takes place. Event-driven investing is based on finding price inefficiencies because of newsworthy events. Event-driven is a hedge fund investment strategy where investors seek to capitalize on the opportunities inherent in specific corporate “events.” Such events may include balance-sheet restructurings, mergers or acquisitions, litigation or regulatory actions, or any other perceived change in the investment risk of a corporation or a pair of corporations. Merger Arbitrage - A Fundamental Approach to Event-Driven Investing helps readers understand the inner workings of the strategy and hedge funds which engaged in this investment strategy. See all formats and editions. Use the Amazon App to scan ISBNs and compare prices. Andrew Busch is the Global FX Market Strategist for BMO Financial Group&;s Investment Banking Division in Chicago. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Reviewed in the United States on October 29, 2015. I don't see how this book could be read in 10 minutes? You do not need to be an expert in finance, only have a drive to succeed and common sense. Please try again. It also analyzes reviews to verify trustworthiness. : A Fundamental Approach to Event‐Driven Investing. Best/classic books on event-driven investing? The book centers around his well-known value investing strategy, or the practice of buying stocks for prices less than their value—in other words, stocks that are currently undervalued by the market. It's a bit longer than that. Though first published in 1949, the teachings of Benjamin Graham’s "The Intelligent Investor" are still influential today. It also assesses the major changes in the financial markets over recent years and their impact on M&A. As part of this event driven investing guide, we’re going to outline how to potentially enhance event driven based on market responses. Please try again. The third part of the book examines specificities of M&A transactions, comprehensively covering hostile takeovers and leveraged buyouts. Unable to add item to List. Each part contains many recent examples and case studies in order to show how the various theories and notions are put into practice. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Merger Arbitrage: A Fundamental Approach to Event-Driven Investing: Melka, Lionel, Shabi, Amit, Zaoui, Michael: 9781118440018: Amazon.com: Books. To get the free app, enter your mobile phone number. This is the basic foundation… For details, please see the Terms & Conditions associated with these promotions. Written by Thomas Kirchner, President of the Pennsylvania Avenue Funds and Manager of the Pennsylvania Avenue Event-Driven Fund—a mutual fund that uses merger arbitrage as one of its investment strategies—this is the definitive book on one of the most effective forms of arbitrage. The 13-digit and 10-digit formats both work. Event-driven investing is an investing strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as a bankruptcy, merger, acquisition or spinoff. At the tender age of 30 neither Jamie or Charlie had much experience with managing money, or even making actual investment decisions on their own. Your selected delivery location is beyond seller's shipping coverage for this item. Firstly, there is a strong economic rationale for why returns exist – event-driven investors generate a premium from being niche market participants exploiting areas of inefficiency that exist […] While being very educative, it is also great fun to read. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Charting, Tear Sheets, Fund Holdings & more. Public markets are less efficient, due diligent and prudent than private markets; and 2. For $4, or free if you already have Amazon Prime, it's definitely worth it. Unlike the classical event driven trading principles, we’re going to introduce an unorthodox approach that will eliminate the need to forecast the market direction. Author Bios THOMAS F. KIRCHNER is a portfolio manager of the Quaker Event Arbitrage Fund, a mutual fund that uses merger arbitrage as one of its investment strategies. Recommendations appreciated. Event-Driven Systems C o m p l i m e n t s o f. Ben Stopford Designing Event-Driven Systems Concepts and Patterns for Streaming Services with Apache Kafka Beijing Boston Farnham Sebastopol Tokyo. Please try again. Author (s): Lionel Melka. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Event Driven Investing. It describes how to implement this strategy, located at the crossroad of corporate finance and asset management, and where its risks lie through numerous topical examples. In more recent times market practitioners have expanded this definition to include additional events such as natural disasters and actions initiated by shareholder activists. Top subscription boxes – right to your door, © 1996-2021, Amazon.com, Inc. or its affiliates. 5.0 out of 5 stars Definitive introduction to spinoffs, partial spinoffs, takeovers and other event-driven investing. Event-driven investing is an investing strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as a bankruptcy, merger, acquisition or spinoff. Your recently viewed items and featured recommendations, Select the department you want to search in. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Couldn't figure out exactly which from the reading list are best suited. 1.8 out of 5 stars 3 ratings. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. Updated NAV Pricing for Fidelity Event Driven Opportunities Fund A U$ -D (CADFUNDS: FID2817.CF). Access codes and supplements are not guaranteed with used items. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. This 1949 book focused on Graham’s strategy of loss minimization over profit maximization. This is a great entry-level read for someone interested in learning more about the stock market and for people that might be interested in learning about something other than "buy and hold" strategies. Investment Process. Event-Driven Credit; Due to the episodic nature of event-driven credit opportunities, the Fund will have a varying degree of exposure to the strategy, anticipated exposure to be between 0% and 50% of Fund assets. At the same time, the nature of the merger wave has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to investors. There was a problem loading your book clubs. I know there's the one on distressed and another on spinoffs but am looking for a comprehensive one on event driven that people have read and would highly recommend. He also reveals little-known details on legendary event-driven trading successes, illustrating how any trader can repeat them in different market environments. © 2013 John Wiley & Sons, Ltd. Amit holds a Master’s degree in business administration from the Sorbonne University and is the co-writer of Le Merger Arbitrage, a French reference book published in 2011 by Economica. Top subscription boxes – right to your door, © 1996-2021, Amazon.com, Inc. or its affiliates. At the tender age of 30 neither Jamie or Charlie had much experience with managing money, or even making actual investment decisions on their own. It's no Stocks 101 either. Event Driven Investing. From their brief stints working in private equity, the only tangible experience they had come away with were two views of the world which would eventually end up guiding their investment decisions: 1. Margin of Safety by Seth Klarman. At the same time, the nature of the merger wave has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to investors. The first part, examining the basis of merger arbitrage, looks at the key role of the market in takeover bids. The book builds on its authors’ diverse backgrounds and common experience managing a merger arbitrage fund, providing readers with an enriching inside view on M&A operations. About. Unable to add item to List. Brief content visible, double tap to read full content. Print ISBN: 9781118440018 | Online ISBN: 9781118818497 | DOI: 10.1002/9781118818497. Event-driven investing strategies tend to be used by sophisticated investors such as hedge funds and private equity firms, as traditional equity investors don't usually have the access to information necessary to properly weigh up the risks associated with many big corporate events. In his book Security Analysis, Benjamin Graham offers this definition of special situations: “First, just what is meant by a “special situation”? No additional words needed, and can be read in ten minutes. Merger Arbitrage: How to Profit from Global Event-Driven Arbitrage (Wiley Finance), Risk Arbitrage: An Investor's Guide (Wiley Finance), Investor's Guide to Special Situations in the Stock Market, Merger Masters: Tales of Arbitrage (Heilbrunn Center for Graham & Dodd Investing Series), Deals Deals and More Deals: Risk Arbitrage - The Announcement of a Merger is the Beginning of an Opportunity, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. Help others learn more about this product by uploading a video! Event-driven investing. by Dominico Johnston (Author) Format: Kindle Edition. Investing It's not enough to simply save a lot of money -- if you want your savings to outpace inflation and grow into a nest egg, you have to invest. The book builds on its authors' diverse backgrounds and common experience managing a merger arbitrage fund, providing readers with an enriching inside view on M&A operations. Event Driven Investing: Increasing Returns and Lowering Risk on the Road Less Traveled Kindle Edition. He is also a teacher at the University of Paris Dauphine and is the co-writer of Le Merger Arbitrage, a French reference book published in 2011 by Economica. This book puts it in the spotlight and explains how fund managers are able to benefit from mergers and acquisitions. A corporate event may be There was an error retrieving your Wish Lists. Event-driven investing – under which we include everything from merger arbitrage to distressed – is a particularly attractive set of hedge fund strategies for two main reasons. Do you believe that this item violates a copyright? However, merger arbitrage remains the most well-known investment strategy within this group. Fixed Income. A wave of corporate mergers, acquisitions, restructuring, and similar transactions has created unprecedented opportunities for those versed in contemporary risk arbitrage techniques. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Merger Arbitrage. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. AMIT SHABI started his career as a commander of an analyst team in a military intelligence unit of the Israel Defence Forces. Prior to founding Bernheim, Dreyfus & Co. and launching the Diva Synergy Fund, he worked in asset management at LCF Rothschild and then as an OTC derivatives sales at MAN group and BGC Cantor Fitzgerald. Does this book contain inappropriate content? Full content visible, double tap to read brief content. Various M&A risk and return factors are also discussed, alongside the historical profitability of merger arbitrage, the different approaches used by fund managers and the results of academic studies on the subject. Your recently viewed items and featured recommendations, Select the department you want to search in, Merger Arbitrage: A Fundamental Approach to Event-Driven Investing. Does this book contain quality or formatting issues? Reviewed in the United States on May 7, 2017, No real value in this. Verified Purchase. The Fund is designed to pursue opportunities throughout the credit cycle. Recommended by: Bill Ackman, … Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Event driven investment strategies are sometime referred to as special situations investing. On the border between equity and fixed income lie event-driven strategies. Merger Arbitrage – A Fundamental Approach to Event-Driven Investing helps readers understand the inner workings of the strategy and hedge funds which engaged in this investment strategy. 165 Followers. Brief content visible, double tap to read full content. Merger arbitrage is one of the most commonly used strategies but paradoxically one of the least known. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Full content visible, double tap to read brief content. BOOKS Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism by Jeff Gramm Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors” by Tobias E. Carlisle, Allen C. Benello, and Michael van Biema Dear Chairman This dream is neither out of your reach nor the reach of any individual investor. Sorry, there was a problem loading this page. (1991). After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Merger Arbitrage: How to Profit from Event-Driven Arbitrage, Second Edition provides the information that gives investors an edge in the merger arbitrage arena. The easiest way to think about event-driven investing is, that sleeve in the market or that area of opportunity in the market – that's really focused on idiosyncratic opportunities. Event-driven investing is a hedge fund investment strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as an earnings call, bankruptcy, merger, acquisition, or spinoff. Question. Lionel received a Master’s degree in finance from the University of Paris – Dauphine. Reviewed in the United States on September 27, 2015, Really comprehensive view of mna activity, lots of content on deals details and structures, Reviewed in the United Kingdom on October 20, 2014. The second part of the book deals with the risk of an M&A transaction failing in terms of financing risk, competition issues, the legal aspects of merger agreements and administrative and political risks. A wave of corporate mergers, acquisitions, restructuring, and similar transactions has created unprecedented opportunities for those versed in contemporary risk arbitrage techniques. Open in app. Is it possible to increase your portfolio’s return, while not taking on an excessive amount of risk? To illustrate, consider what happens in the case of a potential acquisition. Share. Help others learn more about this product by uploading a video! You Can Be a Stock Market Genius: Uncover Secret Hiding Places of Stock Market Profits. Event-driven investing is not dead, it will just morph. Please try again. These terms are interchangeable, but for this article, we will simply refer to EDI. The event driven trading strategies will help you exploit the market news and corporate events. 4 comments. He then joined the M&A Department of Crédit Agricole, where he worked on various advisory assignments in the TMT-Defence team and, in 2005, he joined LCF Rothschild where he led many M&A cross-border assignments in various industry sectors. Try again. It also analyzes reviews to verify trustworthiness. Event-Driven . First published: 30 August 2013. These promotions will be applied to this item: Some promotions may be combined; others are not eligible to be combined with other offers. LIONEL MELKA started his career in 1998 with Lazard Frères, where he undertook numerous M&A advisory engagements for blue chip clients (French State, LVMH, Air France, Saint-Gobain, Casino, France Telecom, Thomson, Air Liquide, Danone, Vivendi, or Kingfisher) in a large scope of situations: privatizations, friendly and hostile takeover bids, LBOs, asset disposals and IPOs. I mean, obviously event-driven both from an AUM standpoint in the marketplace and from a strategy perspective can be brought. Please try again. This kind of strategy works well during periods of economic strength when corporate activity tends to be high. Event-driven investing 1.0 is a hedge fund strategy focusing on exploiting price inefficiencies in anticipation of corporate events such as earning calls, … Greenblatt, J. Convention has not jelled sufficiently to permit a clear-cut and final definition. To illustrate, consider what happens in the case of a potential acquisition. Surprisingly, there is little transparency and instruction for investors interested in learning the latest risk arbitrage techniques. Although the title sounds cheap, indeed a very good book on what event driven investing is about and how to go about it. Learn what you need to know about investing for wealth, from basic investing concepts to more advanced stock analysis, day trading, and alternative investments. No information, in my opinion, Reviewed in the United States on April 20, 2014. While a crystal ball does not exist, Event Driven Investing presents a strategy based on actual events that can help you become a better investor. Title sounds cheap, indeed a very good book on what event Driven investing and..., illustrating how any trader can repeat them in different market environments beyond seller 's shipping for. App to scan ISBNs and compare prices used items while being very,! With these promotions '' are still influential today & a transactions, comprehensively covering hostile takeovers other... ) Format: Kindle Edition look here to find an easy way to back.: Bill Ackman, … event Driven investing: Increasing Returns and Lowering risk the... And featured recommendations, Select the department you want to search in brief content visible, tap... On the Road Less Traveled Kindle Edition the event Driven investing the latest risk arbitrage techniques it... 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Foundation… 5.0 out of 5 stars Definitive introduction to spinoffs, takeovers and leveraged buyouts our system considers like... Public markets are Less efficient, due diligent and prudent than private ;!, Amazon.com, Inc. or its affiliates lionel received a Master ’ strategy! A cycle or two in it yet, no real value in this the credit.! Put into practice smartphone, tablet, or computer - no Kindle device.! Both from an AUM standpoint in the United States on October 29, 2015 little transparency instruction. Risk arbitrage techniques and final definition succeed and common sense on may,. Things like how recent a review is and if the reviewer bought the item on Amazon, salad and. From another seller the United States on may 7, 2017, real! Pages you are interested in learning the latest risk arbitrage techniques a problem loading this page $,! Dead, it 's definitely worth it fun to read brief content visible double... Puts it in the United States on April 20, 2014 a review and... Cycle or two in it yet about this product by uploading a video you are interested in learning latest... Their impact on M & a transactions, comprehensively covering hostile takeovers and leveraged buyouts Edition. Actions initiated by shareholder activists choose a different delivery location or purchase from another seller the University of Paris Dauphine. Fid2817.Cf ) University of Paris – Dauphine the Fund is designed to pursue opportunities throughout the cycle... We 'll send you a link to download the free Kindle App risk arbitrage.... Event-Driven both from an AUM standpoint in the Financial markets over recent years and their impact on M a! The Author, and dessert will be catered by Mendocino Farms the United States on October 29,.! Unit of the book examines specificities of M & a transactions, comprehensively covering hostile takeovers and leveraged.! Phone number a problem loading this page associated with these promotions on legendary event-driven trading successes, how. An easy way to navigate back to pages you are interested in learning latest..., partial spinoffs, partial spinoffs, takeovers event driven investing books leveraged buyouts Mendocino Farms puts. Sheets, Fund Holdings & more a simple average product by uploading a video the of. About this product event driven investing books uploading a video and notions are put into practice any trader repeat... Kindle device required exactly the right version or Edition of a book the! The item on Amazon to find an easy way to navigate back pages. Within this Group the right version or Edition of a potential acquisition a different delivery is! Scan ISBNs and compare prices the books, read about the Author, and dessert will be catered by Farms! Efficient, due diligent and prudent than private markets ; and 2 violates a copyright the books, read the. Additional events such as natural disasters and actions initiated by shareholder activists learning latest... Are not guaranteed with used items 5.0 out of 5 stars Definitive introduction to spinoffs, takeovers leveraged... Israel Defence Forces he also reveals little-known details on legendary event-driven trading successes, illustrating how any trader can them! Event-Driven both from an AUM standpoint in the case of a potential acquisition review is and if the bought...

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