02/26/18
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Special Situations in the ArbitrOption Portfolio

ArbitrOption’s portfolio has two kinds of investments: merger arbitrage positions and special situations. In general, merger arbitrage comprises 80% or more of the portfolio and special situations are 20% or less. A special situation occurs when a publicly-traded company has a pending event that is expected to increase or decrease shareholder value. To be included…

01/29/18
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Best Idea in the Universe: Orbital ATK, Inc.

Current Favorite: Orbital ATK (OA) ArbitrOption’s investable universe includes risk arbitrage and special situation opportunities with three basic characteristics: a pending corporate event must be disclosed by the company’s management or Board of Directors (no “rumortrage”) the pending corporate event must have a calculable terminal value and timeline the company must have exchange-listed options with…

10/23/17
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What Kind of “Events” Does ArbitrOption Invest In?

What qualifies as the kind of corporate event that ArbitrOption seeks for its portfolio? We apply an event-driven investment strategy that focuses on opportunities of three distinct types: Strategic Mergers A strategic merger is a transaction in which the target company has synergies with the acquiring company that will allow the whole to be greater…

09/22/17
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Best Idea in the Universe: Time Warner

Current Favorite: Time Warner (TWX) ArbitrOption’s investable universe includes risk arbitrage and special situation opportunities with three basic characteristics: a pending corporate event must be disclosed by the company’s management or Board of Directors (no “rumortrage”) the pending corporate event must have a calculable terminal value and timeline the company must have exchange-listed options with…

07/23/17
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How National Security Affects Event-Driven Investing

Though the two topics seem unrelated, it turns out national security has a role in event-driven investing. The topics intersect in the form of regulatory approval for deals – a process overseen by the Committee on Foreign Investment in the United States, also known as CFIUS. In fact, CFIUS review was part of the regulatory…