Capital structure arbitrage is not a strategy to benefit from pr

来源: 2018-02-04 08:17:06 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

inefficiency between stock and bond, but between one security against another security issued by the same company. Most capital structure arbitrage is exploiting pricing innefficiency between convertible bond and stock, junior bond and senior bond, etc. The strategy is very difficult to make money these days. 

Bond and Stock market arbitrage as a whole is just a fancy term.