Sitting on the side lines...requires patience and will power

Things are rather quiet on the M&A front.

Market this year has been dominated again by action/speeches by central banks/fed.

Japan was particularly interesting with a meteoric rise from Dec till May. Although it came back a in the last week of May.

I believe the rise in indices around the world would continue into the 2nd half of the year, thus making Merger Arb strategies look less interesting.

Hopefully closer towards the end of third quarter, confidence will return to corporations to chart their growth through M&A actions (from an Asian markets perspective)

The End for Billabong?

Australian surfwear company Billabong International Ltd issued its third profit warning in six months as it revealed that potential takeover suitors had walked away from a deal.