Audley down 18% as event-driven players suffer in turbulent markets


August was a trying time for event-driven managers. Julian Treger’s long-biased Audley European Opportunities added to its losses of the previous three months, taking an 18.40% hit to leave it adrift by nearly 23% for the year so far.

Other event-driven funds heavily down in August included D&P Russian Special Situations (-9.12%), Tosca Opportunity (-8.88%), Marwyn Value Investors (-8.19%), and Polygon European Equity Opportunity (-6.63%).

Helium Special Situations was down 6.44%, Carrousel Fund New dropped 6.01%, Praxient Panther lost 5.40%, and York European Focus was down 4.90%. Bennelong Global Special Opportunities was off by 4.67%, and Centaurus International