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CNH Partners Cofounder Todd Pulvino Presents Diversified Arbitrage Strategy

Todd Pulvino, a co-founder of AQR’s arbitrage affiliate, CNH Partners, was asked to talk about the firm’s Diversified Arbitrage Strategy at meeting of retirement specialists in Merrill Lynch’s Global Wealth & Retirement Solutions division in Naples, Florida, on February 6.

As a tenured associate professor of finance at Northwestern University’s Kellogg School of Management, Pulvino had focused his research on the risks and returns in event arbitrage. He carried over that work when he founded CNH, and he still teaches at Kellogg.

The Diversified Arbitrage Strategy, he explained, invests both long and short in several types of corporate arbitrage opportunities, including merger arbitrage, convertible arbitrage, and corporate events and other arbitrage (closed-end fund discounts, dual-class spread arbitrage, distressed investments, etc.).

The information contained herein is only current as of the date indicated, and may be superseded by subsequent market events or for other reasons. This information is not intended to, and does not relate specifically to any investment strategy or product that AQR offers. It is being provided merely to provide a framework to assist in the implementation of an investor’s own analysis and an investor’s own view on the topic discussed herein. Past performance is not a guarantee of future results.