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A Risk Arbitrage Pro Explains The Allure Of “Event” Investing

FYI: Jamie Zimmerman aspired to be the first woman on the Supreme Court. Instead, she wound up a rarity in another realm, as one of the few women to found and run a hedge fund. Zimmerman’s New York-based firm, Litespeed Management, specializes in event-driven investing, seeking to profit from asset mispricings resulting from corporate events, such as mergers, spinoffs, or bankruptcy filings. It is hardly a boring way to make a living, and Zimmerman, a lawyer by training who once clerked for a bankruptcy judge, relishes the complexity and challenge.
Regards,
Ted
https://www.barrons.com/articles/risk-arbitrage-and-distressed-investing-two-sides-of-the-same-coin-1543017134?mod=djem_b_Weekly Feed for Barrons Magazine
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