A string of busted deals has hit the venerable hedge-fund industry strategy of merger arbitrage
A new presidential administration may mean new opportunities in M&A. For the merger arb space, this could lead to a much brighter future.
For context, funds focused on mergers have had a more challenging year than most. The PivotalPath Merger Arbitrage Index is up only 4.6% through October of this year – which compares to an 8.5% return for the PivotalPath Composite Index.