$16.5 billion sale to Elliott and Vista Equity Partners looked wobbly for a while. East53 bet on all three.enlisted the French government in a dispute with seller Tiffany. Stocks dropped far below deal prices.
That can quickly make positions look like they are posting steep losses.Back in March 2020, arbs took a 10% hit initially, according to HFR. But they ended the year up 5%. The business isn’t for the faint of heart. Perhaps East53 just couldn’t roll with the punches.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: