One of the mysteries of the English language finally explained.
- short for arbitrageur
- ‘The Merger Fund, the oldest arb fund, has delivered a 10.8% annualized return over the past 10 years, besting the average bond fund's 7.0% return with a comparable level of volatility.’
- ‘In cash deals, the arbs often just buy the target.’
- ‘If the arbs get into the conventional investment trust sector it will contract, absolutely.’
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