Event-driven derailed


Event-driven managers also suffered in the volatile May markets – with several taking sizeable losses.

Audley European Opportunities lost 13.10% on the month, while Praxient Panther was down 9.40% and Tosca Opportunity lost 7.90%. D&P New World Special Situations lost 7.00%, Polygon European Equity Opportunity was down 4.48%, Cheyne European Event Driven took a 3.89% hit, and KL Special Opportunities was off by 3.29%.

Jabcap Event Driven was down 3.03%, Altima Global Special Situations was down 2.80%, York European Focus dropped 2.70%, and Centaurus Events Opportunities lost 2.63%. Cygnus Europa was down 2.53%, while 1798 US Special Situations