The main aim of the paper is analyzing the impact of convertible bond arbitrage activity on stock market liquidity and efficiency.

本研究主要的目的是分析可转换债券套利行为对发债公司股票流动性和股票有效性的影响。

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At present, some risks exist in the market of China's convertible bonds. Generally speaking, there is no obvious underestimate or overestimate, or obvious arbitrage space in the market price.

现阶段我国的可转债市场存在一定风险，市场价格总体来说不存在明显的低估或高估的现象，不存在明显的套利空间。

youdao

Ricky Solomon, the Amaranth founding partner and former head of convertible arbitrage who landed at Oppenheimer, lost most of his personal assets.

FORBES: Trading Up

The universe of hedge fund asset classes is very deep and includes convertible arbitrage, distressed mortgage, long-short equity and global macro, among many other complex strategies.

FORBES: Hedge Funds Back In Style, What Advisors Should Know

Some strategies may be profitable for a while, but then have bad years, as convertible-arbitrage managers found out in 2005.

ECONOMIST: Buttonwood