In this special interview, Corey Hoffstein sits down with Advisor Analyst to discuss merger arbitrage and its role in portfolio diversification. Corey breaks down how investors can capture the residual spread in merger deals, comparing the strategy to traditional credit markets, and explaining how return stacking and portable alpha can enhance portfolio efficiency. Originally recorded for Advisor Analyst (advisoranalyst.com), this conversation offers valuable insights for investors exploring alternative risk premia and advanced portfolio construction techniques.

(0:00) Introduction and mission statement

(2:14) Merger arbitrage: Explanation, diversification benefits, and risk premium

(9:44) Merger arbitrage in financial advisory

(12:15) The return stacking approach and democratizing institutional strategies

(15:34) Call to action and closing remarks