May was mixed in event-driven, with most funds either making a small gain or a modest loss.
But there was a notable outlier on either side, with Carrousel posting a punchy gain of 19.10% and, at the other end of the spectrum, Tosca Opportunity recording an 11.96% loss.
Laxey Value Catalyst was up 3.29%, Bennelong Global Special Opportunities gained 2.24%, and Centaurus Events Opportunities made 1.90%. Polygon European Equity Opportunity returned 44 basis points, Cygnus Europa Event Driven was up 19 bps, RAB Cross Europe made 18 bps, and Diva Synergy was up 11 bps.
On the downside