Citianla · 2022年08月30日

event driven - merger arbitrage

1. CFA III
2. Alternative

框架图上的CDS strategy:

When acquiring company’s credit is higher than target,

1) 成功合并 target company default risk will come down -> sell CDS- 不是应该long CDS?

2) 不成功 则buy target company CDS - 不是应该short CDS?