Event driven: Sandell drives it home


With only one negative month in 2006, the Absolute Return Event-Driven Index finished the year on a strong note, up 1.66% in December to close with an annual return of 16.66%. Thomas Sandell's Castlerigg International fund had an even more impressive time of it, climbing 21.09%* for the year on top of a December gain of 1.57%*.

After a 3.60% December rise, John Paulson's Paulson Advantage Fund finished the year up 12.57%*. DKR Saturn Event Driven Program, meanwhile, can be credited with a strong comeback: After losing more than 14% in 2005, the strategy rose 2.15% in December