The following research and white papers provide insight into related investment topics. Contact us if you have any additional questions.

Research

Catalyst-Driven Credit: An Alternative to Short-Term Bonds »

With interest rates on the rise, short-term bonds have become a compelling choice for risk-averse investors' fixed income portfolios. A catalyst-driven credit strategy may provide similar risk-mitigation attributes while also providing an important source of diversification.


Catalyst-Driven Credit: A Potential Solution for Rising Interest Rates »

With interest rates on the rise, a catalyst-driven credit strategy may provide a compelling alternative to traditional fixed income investments.


April 2018 Note from the Desk: US/China Relations, New Regulatory Paradigms, and Volatility in Merger Arbitrage »

Tensions between the US and China have risen in recent months, with the fallout impacting regulatory approval processes in some mergers and acquisitions. For more information on the historical context and what it means for our strategy, please read this note from the desk.


Water Island Capital White Paper: Short Volatility & the Illusion of Diversification »

Water Island Capital's Risk Management team discusses the impacts of short volatility on seemingly diversified portfolios.


Water Island Capital Research Report: Telecommunication Services Consolidation, November 2017 »

A research report outlining the current trends impacting M&A in the telecommunication services space.


November 2017 Notes from the Desk: AT&T/Time Warner Update »

Recent news regarding ongoing negotiations between AT&T and the US Department of Justice has led to volatility in the company's proposed acquisition of Time Warner. For more information on what is happening and our thoughts on the prospects for the deal, please read this note from the desk.


Event-Driven Investing: An Alternative to Beta »

With traditional asset classes expected to face headwinds, as well as a current environment particularly supportive of event-driven strategies, now may be the time to consider adding an event-driven strategy to your balanced portfolio.


Why Merger Arbitrage Today »

Many investors are optimistic about the prospects for merger arbitrage in 2018.


 

Archive

August 2017 Update: Recent Volatility in Merger Arbitrage »

Some investors have witnessed an increase in the volatility of broad merger arbitrage returns over the past few weeks. Here are our thoughts on the primary drivers of this current phenomenon.


Water Island Capital Research Report: Global Competition Regulators Part II: Divestitures, October 2016 »

A continuation of our research into the current regulatory trends impacting M&A.


Market Update from the Trading Desk, June 2016 »

An update from the investment team regarding our thoughts on hedge funds, crowded trades, and current opportunities in merger arbitrage.


Water Island Capital Research Report: Global Competition Regulators, April 2016 »

A research report outlining the current regulatory trends impacting M&A.


Water Island Capital Research Report: Oil & Gas, January 2016 »

A research report outlining the current trends impacting M&A in the oil & gas space.


Water Island Capital Research Report: Semiconductors, October 2015 »

A research report outlining the current trends impacting M&A in the semiconductor space.


Water Island Capital Research Report: Health Insurance, June 2015 »

A research report outlining the current trends impacting M&A in the health insurance space.


7 Myths About Liquid Alternatives »

Seven common beliefs regarding liquid alternatives addressed.


What is Event-Driven Investing? »

A primer on event-driven investment strategies and how they can fit into your portfolio.