Podcast

Why Merger Arb Works

What exactly does a merger arbitrageur do? In this episode, hosts Dan Villalon and Gabe Feghali unpack the complexities of merger arb with Mark Mitchell, a principal at CNH Partners, an affiliate of AQR Capital. In the 1990s, Mark and his partner Todd Pulvino spent years building a dataset of all U.S. merger announcements and their outcomes going back to 1962. Their research revealed some surprising conclusions and allowed investors to think about—and pursue—merger arbitrage in a new way.


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