Event driven

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Event driven

In the context of hedge funds, a style of management that combines many different types of hedge fund investing such as merger arbitrage, distressed securities and high yield investing, in conjunction with an important "event" that is supposed to unlock firm value (like a merger announcement, earnings announcement, or a regulator decision).

Event Driven

In hedge funds, an investment strategy of using many different investment strategies in reaction to various events. For example, if a merger is announced, a hedge fund may conduct transactions according to one strategy and, if the merger falls through, the fund may make transactions using a completely different strategy. The idea behind an event driven strategy is to use the best investment strategy befitting a particular moment in time.
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Kurzner and Solomon will be responsible for growing the firm's presence in institutional options and launching the Event Driven Strategies Group, which will include both equity and options sales and trading.
Continuing trends from the previous three quarters, investors withdrew capital from both Equity Hedge and Event Driven strategies in 3Q12, with these experiencing $5.
Previously, he was Co-Portfolio Manager of Event Driven Strategies at Millennium Management.
and Europe, emerging markets, commodities, event driven strategies and technical trading systems.
The Fund has a bias towards event driven strategies with a market overlay to take advantage of the market's current high volatility.
In the last 12 months, the number of Asian hedge funds which focus on Event Driven strategies increased to nearly eight per cent of the Asian hedge fund industry; over half of which specialise in Activist and Distressed strategies.
More than half of the capital inflow was invested into Event Driven strategies, suggesting that investors are positioning for continued opportunities in the credit, high yield and corporate transactions marketplace.
The firm's investment strategies include public and private equity investing in the US and Europe, global macro trading, commodities trading, event driven strategies and technical trading systems.
GLG") (NYSE: GLG), a leading alternative asset manager, announced today that Kaveh Sheibani and Julian Harvey Wood, two of the founding partners of Pendragon Capital, will be joining the firm to focus on event driven strategies.
Returns in arbitrage and event driven strategies continued to be driven by distressed and credit related strategies, as convertible arbitrage (+1.