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What is an arbitrager?

What is an arbitrager? Here are some definitions.

Noun
  1. (finance) One who participates in arbitrage.
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Examples
If you were an arbitrager in Airgas hoping against the odds that the Delaware Chancery Court would provide a Christmas present, you would likely be disappointed.
When that cover-up failed, he admitted to investigators that he had provided information to Mr. Boesky, who was then the best-known risk arbitrager, as traders who specialized in betting on takeovers were known.
But to the arbitrager, the newly revised deal is still a winner.
Among those implicated in the ensuing investigation were the arbitrager Ivan Boesky and the junk-bond financier Michael Milken.
In some cases, such as a simultaneous multiple swapping of currencies, the arbitrager does not have to commit any funds, but in forward arbitrage funds have to be committed for a period of three months.
The biggest fish he named was none other than the country's most prominent arbitrager, Ivan F. Boesky.

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