Event driven: Third Point rises


Event-driven strategies reported a strong December, as less liquid strategies often do, with the Absolute Return Event-Driven Index climbing 1.72% for an annual total of 5.78%. Among the strategy's biggest winners is Third Point Offshore. Dan Loeb's roughly $2.1 billion fund gained 3% in December to end up at an impressive 17.8%. Atticus Global also did very well, rising 3.03% to total 20.58%. December brought gains for Angelo Gordon's AG Super Fund, which rose 1.75% to total 13.77%, and for the Deephaven Event Fund, which climbed 3.74% to total 13.08%. And then there was DKR.

Its Saturn Event