(Bloomberg) — It’s been a tough year for the merger-arbitrage market, which is delivering some of the worst returns across hedge-fund strategies as a slew of big deals have been roiled by regulatory hurdles. Some money managers have exited the trade entirely. Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: Bru
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