Event driven: DKR outperforms


Event-driven funds had a strong first quarter, with the Absolute Return Event Driven Index up 1.22% for the month to total 4.98% for the year so far. From the DKR platform, strong performance was reported by DKR Saturn Event Driven Fund, up 4.86% for the month and an impressive 20.47% for the year. Also faring well was Ramius Group's Starboard Value and Opportunity Fund. That portfolio rose 2.57% in March to total 7.79% YTD. Underperformers include Pequot's Event Driven Offshore Fund, which gained 0.20% to finish the quarter with a net return of 2.21%. After shooting the lights