Sentat Event Driven ends 2011 ahead of peers with Nordic-focused approach
Thu Jan 26, 2012
Former Alfred Berg equity broker Sten Berggren’s fledgling event-driven fund has completed its first year of trading with a strong return in a generally poor year for European event-driven strategies – and the manager is confident that his views on Nordic companies will continue to bear fruit in 2012
The past couple of years have seen event-driven funds receiving
high levels of investor interest, and event-driven managers
have generally been bullish about the potential opportunities
to be exploited by their strategies.
A panel of specialists at the EuroHedge Summit in Paris last
May were convinced that this was a good time for event-driven,
citing the likelihood of organic company growth and an increase
in M&A activity in the near-term.
But if a bumper year for event-driven, merger arbitrage and
special-situation strategies was truly on the cards, 2011 was
not that year. Most of the event-driven funds reporting to the
EuroHedge Database lost money last year - some of them heavily
so. Dollar-based event-driven funds were collectively down
6.15% for the year, and euro-denominated funds were off by
Among the few bucking the trend was a relatively new
entrant, the Nordic-focused Sentat Event Driven Fund...
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