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Global deal-making has soared since January, with the value of announced mergers and acquisitions exceeding $2.4 trillion through the end of May. Against this backdrop, event-driven hedge fund managers are taking full advantage of ready opportunities to trade, and the results have been striking.
In Q1, event-driven strategies tracked by bfinance posted a composite return of 7.3%—the strongest first quarter performance figure we’ve seen since 1993—and are n