High levels of dispersion in event-driven this year continued in June.
Abrax Merger Arbitrage is up 13.12% for the year to date, but lost 0.64% in June – while Helium Special Situations is up 14% after a 3% gain last month. Tosca Opportunity has returned 12.50% YTD and was up 0.15%, while Vallea is up 7.04% YTD after losing 1.07%. ABCA Opportunities is up 6.28% YTD and made 1.52% on the month. York European Focus and Orsay Merger Arbitrage are both up by over 6% YTD too.
At the other end, Audley European Opportunities is down 20.40%