April returns for event-driven funds followed a similar pattern to those for most other strategies – being split down the middle between those making and losing money, with those that gained ground doing so only marginally.
Northern Light Event managed a 2.04% return on the month, while Praxient Panther made 1.84%, Abrax Merger Arbitrage was up 0.86%, Syquant Capital Helium returned 0.69%, and Diva Synergy made 0.29%.
But there were some big losers too. Cygnus European Event Driven made a notable loss of 7.41%, with Jabcap Event Driven posting a loss of 5.19%. KL Special Opportunities was