Event driven: Atticus up


Event-driven funds continue to outperform the broader hedge fund market, with the Absolute Return Event Driven Index posting a 0.55% rise for September to bring its YTD total to 10.04%, best among all strategies. One leading performer was Timothy Barakett's Atticus Global Fund, which returned 3.49%* in September to total 15.41%* YTD. Deephaven Event Fund did well, too, rising 3.46% to total 19.06% for the year. September also proved profitable for Gruss Global, which returned 1.87% to close the third quarter up 12.47%. Of course, not all prospered. Dan Loeb's Third Point Offshore lost 0.70%* for the month,