April was by and large a positive month for event-driven funds, with only a handful ending the month in negative territory and several posting quite substantial gains. Audley European Opportunities was out in front with a return of 9.10%, while Bennelong Global Special Opportunities made 7.55%.
Polygon European Equity Opportunity returned 3.54%, Diva Synergy was up 3.44%, and the Carrousel Fund gained by 2.62%. Centaurus Events Opportunity was up 2.68%, while the firm’s Small & Mid Cap International Arbitrage Fund gained 1.90%. Tosca Opportunity made 2.40% and NewSmith European was up 1.25%.
Jabcap Event Driven returned 1.08% and