Credit Suisse to launch leveraged merger arbitrage ETN
Leveraged merger arbitrage ETN will be the first hedge fund replicator to be listed in the US.
Credit Suisse is planning to release a leveraged version of its merger arbitrage exchange-traded note (ETN) which was launched last year and has already attracted $53 million in assets.
The 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN will be listed on the New York Stock Exchange later this month. It will be the first listed hedge fund replicator in the US.
The ETN tracks an index that gives exposure to mergers and acquisitions (M&A) by mechanically targeting and
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