|
| Merger Masters: Tales of Arbitrage
ISBN: 9780231548915
Platform/Publisher: JSTOR / Columbia University Press
Digital rights: Users: unlimited; Printing: chapter; Download: chapter
Subjects: Arbitrage -- Case studies; Consolidation and merger of corporations -- Case studies; Investments -- Case studies;
This insular presentation from Welling, the publisher of the financial journal Welling on Wall St., and Gabelli, the CEO of Gamco Investors Inc., consists of a hyperfocused roundup of top merger investors. As the authors explain, arbitrage investors take the name for their field from the French, eschewing the English equivalent "scalpers"; they work in mediated mergers, trading securities involved in announced corporate events in order to manage the trader's risk, should the event-which could be a merger, or a reorganization-fall through. This ensemble-cast portrait of both traders ("arbs") and CEOs offers a glimpse into the backgrounds of successful financiers, including their career paths, successes, and failures. The authors have crafted profiles for such luminaries as Paul Singer, Jeffrey Tarr, and Guy Wyser-Pratte. Though the subjects' experiences vary, one thing unites them: all 21 are white (and 19 are men). The authors missed a crucial opportunity to broaden the image of who a trader is, and the result is a disappointingly familiar dog-and-pony show of the 1%. (Nov.) c Copyright PWxyz, LLC. All rights reserved.
Welling Kate :
Kate Welling is the Editor, Publisher & CEO of WellingonWallSt., a journal of independent research, analysis, opinion and insight. She is a graduate of the Northwestern University Medill School of Journalism.Gabelli Mario :
Mario J. Gabelli is the Chairman and Chief Executive Officer of GAMCO Investors, Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University's College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business, and honorary doctorates from Fordham University and Roger Williams University.Kate Welling is the editor and publisher of Welling on Wall St. , an independent financial journal. A well-known financial journalist, she was managing editor of Barron's .
Mario Gabelli is the chairman and chief executive officer of GAMCO Investors, Inc. A merger master in his own right, he is one of the country's leading money managers and investors. |
