Download or read book Short Selling Activities and Convertible Bond Arbitrage written by Sebastian P. Werner and published by Springer Science & Business Media. This book was released on 2010-12-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. He provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities.