Event-driven funds lock in strong gains


Event-driven funds were well-positioned to take advantage of the increasingly active corporate market environment in 2010, leading to good returns for most and some spectacular numbers for one or two.

Audley European Opportunities ended the year up 99.83% in its US dollar class and 119.15% in its euro class after its Western Coal bonanza – gaining another 14.45% and 11.06% respectively in December.

Marwyn Value Investors posted a 74.13% return after adding 13.52% in December. Bennelong Global Special Opportunities was up 49.88% on the year and 9.31% in December. And Polygon European Equity Opportunity made 28.40% for the