Volatility of Stocks Going through a MergerMerger Arbitrage UniverseMerger Arbitrage SpreadsPerformance Characteristics of Merger ArbitragePerformance of Merger Arbitrage outside the United StatesRisk and Return of Merger Arbitrage FundsBenefits of Merger Arbitrage in a Diversified PortfolioBenefits of Merger Arbitrage in a Rising Interest Rate EnvironmentQuantitative EasingNotes