Short Selling Activities and Convertible Bond Arbitrage

Short Selling Activities and Convertible Bond Arbitrage PDF Author: Sebastian P. Werner
Publisher: Springer Science & Business Media
ISBN: 3834960039
Category : Business & Economics
Languages : en
Pages : 269

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Book Description
Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. He provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities.