Julian Klymochko – Arbitrage Trades Don’t Always Turn Out to Be Risk-free

<p><strong>BIO: </strong>Julian Klymochko is the CEO and Chief Investment Officer of Accelerate, a leading provider of alternative investment solutions.</p><p><strong>STORY:</strong> Julian got into an M&amp;A trade where the acquirer had to stage a shareholders’ vote. This led to a hostile acquisition where the target company was bought by another acquirer that was not part of the deal. Julian made a significant loss in this trade.</p><p><strong>LEARNING:</strong> Never put on an M&amp;A trade that has the buy side vote. Arbitrage doesn’t always mean a riskless trade.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“The best way to learn is to practice by doing. So, try it out yourself, and don’t risk more than you can lose.”</strong></blockquote><blockquote class="ql-align-center">Julian Klymochko</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/julianklymochko/" rel="noopener noreferrer" target="_blank"><strong>Julian Klymochko</strong></a> is the CEO and Chief Investment Officer of <a href="https://accelerateshares.com/" rel="noopener noreferrer" target="_blank">Accelerate</a>, a leading provider of alternative investment solutions. Accelerate helps investment advisors, institutions, and individual investors diversify their investment portfolios, manage risk, and improve their portfolio’s risk-adjusted returns. Prior to founding Accelerate in 2018, he was the Chief Investment Officer of Ross Smith Asset Management. He started his career as an Analyst at BMO Capital Markets. Currently, Julian is a Director of the CFA Society Calgary.</p><p>He has been featured in some of the world’s top financial and business media, including Bloomberg, CNBC, The Wall Street Journal, BNN, Business Insider, and The Globe and Mail.</p><h2>Worst investment ever</h2><p>Julian started out in the mid-2000s as a young investment banking analyst working 100 hours weekly. He was handling mergers and acquisitions (M&amp;A) and advising. During that period, Julian worked on some exciting