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Roy Behren: How a Risk Specialist Unlocks Market-Neutral Returns

Real Vision: Finance & Investing

00:00

The Cost of Hedges

The CMA would be the weakest link in the approval. When it was originally announced, it was 37% below where it is right now. So you do have some downside, but the upside downside is a little bit more closer to one up one down than the prior deals that we were talking about. And that's again, to compensate you for the risk that the transaction might not be successfully completed.

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