Event driven leads the way

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By Joseph Grilli

Event driven has produced one of the best median strategy returns for the week ending 31 August 2012, according to figures reported to the Absolute UCITS database.

The strategy returned 27 basis points during the reporting period. Castlerigg Merger Arbitrage fund, managed by New York-based Thomas Sandell, produced a 1.51% gain and was the best performing single manager fund for the period.

Other funds in the strategy sector include: MLIS York Event-Driven UCITS Fund, Laffitte Equity Arbitrage and MLIS Westchester Merger Arbitrage UCITS Fund.

The Japanese equity strategy produced the worst returns with a