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

Submitted by Tyler Durden on 07/13/2011 09:31 -0400

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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Wed, 07/13/2011 - 09:35 | 1451321 ZeroPower

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

Wed, 07/13/2011 - 09:36 | 1451322 The Count

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

Wed, 07/13/2011 - 09:44 | 1451353 takeaction

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

http://financialserv.edgeboss.net/wmedia-live/financialserv/16489/300_fi...

Wed, 07/13/2011 - 11:01 | 1451752 Master Chef

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

Wed, 07/13/2011 - 09:40 | 1451337 lizzy36

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.

Wed, 07/13/2011 - 09:56 | 1451380 equity_momo