Event-driven investing after the death of merger arbitrage
Monday 27 October 2025 | 18:30 - 20:30 | Social, Special Interest Group Led
This event has been organised by CFA UK's Value Investing Special Interest Group.
Merger arbitrage has long been a cornerstone of event-driven investing—yet in today’s market, its reliability and profitability have come under intense scrutiny. In this timely and insightful session, we explore the mechanics of merger arbitrage, unpack the factors that have diminished its effectiveness, and examine real-world examples of deals gone wrong.
But the story doesn’t end there. While traditional merger arb may be in decline, other corporate events from activist campaigns to distressed restructuring, continue to offer fertile ground for sophisticated investors. Join us to uncover which pockets of opportunity remain viable, and how to navigate the evolving landscape of event-driven strategies.
Set in an informal pub environment, this event offers a relaxed atmosphere where you can enjoy a drink, connect with fellow investment professionals, and engage in meaningful conversations—all while hearing from a compelling speaker on one of the most dynamic areas of investing today.
Who Should Attend
- Asset owners and asset allocators seeking to understand the shifting dynamics of event-driven strategy
- Professionals involved in private markets looking to uncover actionable insights across corporate events
- Investors and analysts interested in alternative approaches beyond traditional merger arbitrage
Speaker
Thomas Kirchner, Founder and Portfolio Manager, Camelot Event-Driven Fund
Thomas brings over two decades of experience in event-driven investing. As the founder and portfolio manager of the Camelot Event-Driven Fund, he has navigated complex corporate actions across mergers, activist interventions, and capital structure arbitrage. His fund boasts a 21-year track record of investing in events that unlock shareholder value.
Thomas is also the author of Merger Arbitrage: How to Profit from Event-Driven Arbitrage (Wiley Finance), now in its second edition, widely regarded as the definitive guide to the strategy.
Please note that drinks are at the attendees’ own cost.
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