Hedge Funds

Deephaven debuts event-driven fund with $250m


26 March Minnesota-based Deephaven Capital Management is set to launch an event-driven arbitrage fund in April with roughly $250 million of assets as part of a program of carving out components of the firm's multi-strategy fund into separate funds. The move down the multi-product route is being overseen by firm principal Colin Smith, who is likely to roll out other specialist strategies from the firm's main multi-strategy fund later this year.