Presenting The Merger Arbs Getting Decimated By The News Corp-BSkyB Deal Collapse

Tyler Durden's picture

For everyone asking who will be broadly liquidating to compensate for the News Corp-BSKYB merger arb catastrophe, meeting margin calls, and overall trying to prevent a fund blow up, here is the list. The biggest recent accumulators: Odey, Nomura, State Street, Lloyds, Taconic, Perry and PPM. These are the funds, which per CapIq loaded up LSE:BSY shares in the last 1-2 quarters, almost certainly based on merger arb assumptions.

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ZeroPower's picture

Any half-decent fund involved in that MA would have likely hedged anyway.

The Count's picture

I hope they all go broke. Good for nothing vultures.

takeaction's picture

Tyler.....12 Minutes to Bernank talking....getting grilled by Ron Paul.  10AM EST

Master Chef's picture

Yes, the vultures are lining up to feast on NEWS PORC.

lizzy36's picture

Maybe the also own NFLX (after all what merger arb, wouldn't own some momo names ;)). Now breaking above $300.....BOOYAH. Although my personal target is $545.00 based on 2015 EPS of something and a P/E of over 200x. Because this time is different.


equity_momo's picture

Taking the conservative valuation then. The momos still think it can double to 600 and beyond.

ZeroPower's picture

Youre implying momos think.

Flore's picture

don't worry.. it's other peoples money

Danks18's picture

State Street runs index money, no arbs.  Regardless, they lose.

Rainman's picture

OUCH.... I suspect this one's gonna leave a mark. File under " sure thing " disasters.

spanish inquisition's picture

Looks like CIA sop, looking to fast track a Pakistan-India war.

BS_Merchant's picture

Odey's 7th largest position is Barclays.