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Multiple Arbitrage

Definition: [crh] In the context of hedge funds, a style of management where by the fund employs more than one arbitrage strategy. Portfolio manager oppoDefinition: rtunistically allocates capital among the various strategies in order to create the best risk/reward profile for the overall fund. Common strategies include merger arbitrage, Definition: convertible arbitrage, fixed income arbitrage, long/short equities pairs trading, and volatility arbitrage. In the context of equiDefinition: ty and private equity investment, this refers to an investment in a firm where by standard multiples (earnings/price,Definition: book/price) indicate the price is far cheaper than industry averages.

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