Event Driven Investor
Contributor's Links: Merger Arbitrage Limited

I manage a successful Merger Arbitrage (Risk Arbitrage) investment fund using 6 variants of the traditional merger arbitrage strategy each with their own unique characteristics. These variants combine to reduce correlation with the broader market making this fund an ideal complementary ... more

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Merger Arbitrage Spread Performance - Feb. 24, 2019
This is the analysis and performance review of the top 20 US based cash merger arbitrage spreads for the week 19th-22nd February. Included in this week's report are the winners, losers and overall performance of the portfolio.
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Latest Comments
Why Merger Arbitrage Hedge Funds May Have It Made In 2019
3 months ago

"They also look for activism outside the U.S. to grow this year, presenting even more catalysts for M&A activity." - This I definitely agree with.

Unfortunately M&A activity does not always translate into profitable merger arbitrage. However, a significant driver for opportunites to profit from merger arbitrage will originate from market volatility. Cash spreads had become extremely tight during the first quarter of the year. Whereas they have now widened to more attractive levels following market turbulence. See here for more current info https://mergerarbitragelimited.com/spreads/

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STOCKS I FOLLOW

ADSW Advanced Disposal Services, Inc.
AMBR Amber Road, Inc.
AQ Acquity Group
ARRY Array BioPharma Inc.
BID Sotheby's
BKS Barnes & Noble Inc
BPL Buckeye Partners Lp.
BRSS Global Brass and Copper Holdings
CIR Circor International Inc.
CRAY Cray Inc
CTRL Control4 Corporation
CY Cypress Semiconductor Corporation
DFRG DEL FRISCO'S RESTAURANT GROUP
EE El Paso Electric Co.
EFII Electronics for Imaging Inc.
GWR Genesee & Wyoming Inc.
ISCA International Speedway Corporation
LABL Multi-Color Corporation
MDSO Medidata Solutions Inc.
MLNX Mellanox Technologies, Ltd.
NRE Northstar Realty Europe Corp.
ONCE Spark Therapeutics
PACB Pacific Biosciences of California Inc.
PCMI PCM, Inc.
RHT Red Hat Inc.
SFLY Shutterfly, Inc.
TRCO TRIBUNE MEDIA Co.
VSM Versum Materials, Inc.
WAGE WageWorks&#44&#59; Inc.
WBC WABCO Holdings Inc.
ZAYO Zayo Group Holdings, Inc.
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Work Experience

Trader/ Investment Manager
Merger Aribitrage Limited
June 2007 - Present (12 years 7 months)

I design, back-test and produce a walk-forward analysis of quantitative strategies using a combination of R, Visual Studio & VBA. 

Secondly, I program these strategies into an automated system combining advanced techniques in both Excel and R. 

Lastly, I monitor the strategies as part of a continuous feedback loop to improve performance. 
Client account performance is monitored using Microsoft Excel to aid and assist in client reporting.​

Quantitative Trading Developer/ Risk Manager
Santa Barbara Quantitative Strategies
2006 - 2007 (1 year 10 months)

Strategy modeling for a mid-sized hedge fund. 
Continued improvement and strategy adjustment for existing portfolio 
Risk management

Senior Trader
FCT (Europe) Ltd
2001 - 2006 (5 years 10 months)

Derivatives trader using a proprietary in-house trading system operating on a variety of European exchanges.
Created profitable semi-automatic excel based stat-arb pairs trade using European based futures.
This incorporated principles of strategy analysis and risk management.

Senior Derivatives Trader
Nordic Options
1999 - 2001 (2 years 10 months)

Options market maker on the OMX, LIFFE, Eurex and ISE exchanges whilst based in London. 
Transferred to New York to train new employees and set up a new operation trading on the ISE.​

Education

London Metropolitan University
MSc Financial Markets & Derivatives
1998 / 2000
Quantitative Methods, Financial Engineering, Derivatives Valuation, Portfolio Theory

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