HedgeFund
CAIA Blog - Riding The Wave: Event-Driven Strategies Surge On New Deal Flows
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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 now into double digits for the first five months of the year. The broad HFRI Event Driven (Total) Index, which is more directional and equity-oriented than the bfinance composite, is up 11.5% over the same period.
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