Hedge Funds

Sentat Event Driven ends 2011 ahead of peers with Nordic-focused approach


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

Sten Berggren
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