Ivan Boesky
Strategic Concepts & Mechanics
Primary Evidence
"T. Boone Pickens, Carl Icahn, Irwin Jacobs, Sir James Goldsmith, Oscar Wyatt, Saul Steinberg, Ivan Boesky, Carl Lindner, the Belzbergs—and lesser lights about to shine, such as Nelson Peltz, Ronald Perelman, William Farley."
"T. Boone Pickens, Carl Icahn, Irwin Jacobs, Sir James Goldsmith, Oscar Wyatt, Saul Steinberg, Ivan Boesky, Carl Lindner, the Belzbergs—and lesser lights about to shine, such as Nelson Peltz, Ronald Perelman, William Farley."
"A key player in this financial tragedy was Ivan Boesky, the king of the arbitrageurs. Arbitrage, a long-established investment strategy, involved taking advantage of the difference in values of two merging companies. The arbitrageur would buy the stock of the company being acquired, and sell the stock of the acquirer. The difference in the prices of the two stocks—the “spread”—would be his profit. It was a time-tested, purposefully conservative investment strategy. If all went according to plan, the arbitrageur would have taken a limited risk and made a small profit."