Arbitrageurs can enhance the value of investment trust shares

Let's start by trying to define what an arbitrageur is. Searching on Google gives over 20 different ...

Let's start by trying to define what an arbitrageur is. Searching on Google gives over 20 different definitions including, for example: "Profiting by simultaneously buying a security in one market and selling it in another because the prices are different in both markets. By taking advantage of momentary disparities in price, the arbitrageur performs the economic function of making the markets more efficient." I accept that this is not a definition of arbitrageurs in the investment trust context as their actions are not momentary, but they do, I believe, fulfil the function of making the m...