Event Driven: Atticus outperforms


With the equity markets rallying in May and merger and acquisition activity continuing apace, the Absolute Return Event Driven Index gained a solid 2.31% in May to bring its YTD total to 8.91%. One leader was Timothy Barakett's Atticus Global Fund, which netted a staggering 9.67% for May. Ramius Capital Group's Starboard Value & Opportunity Overseas Fund climbed 8.11% to total 18.13% for the year. Also performing well was Dan Loeb's Third Point Offshore Fund, up 6.1% for May to reach a notable 16.82% for the year so far. P. Schoenfeld Asset Management's World Arb Fund and John