Welcome respite for event-driven sector


Event-driven funds generally enjoyed a welcome respite in October after a generally miserable year. Audley European Opportunities was out in front with a 7.70% gain, but remains way underwater for the year at -32%, while Helium Special Situations was also up by more than 7%.

Several of the smaller event funds did well – with Cygnus Europa Event Driven up 3.66%, Abrax Merger Arbitrage making 3.54% and Sam Morland’s well-performing OVS Capital gaining 2.49%.

The big Tyrus Capital Event Fund was up 2,46%. Diva Synergy made 2,38%, Omni Global gained 1.86%, NewSmith European returned 1.55% and King Street