We have launched a daily Event Driven index to track the performance of managers in the category. These manager typically seek to exploit corporate restructurings, mergers, and/or special situations. This index do have a tilt towards Merger Arbitrage strategies. This index will be updated on a daily basis.
The behavior of this strategy is interesting, clearly showing the impact of the Covid induced financial stress, but also a relatively rapid bounce back.
The index can be found here: https://nilssonhedge.com/index/daily-indices/daily-event-driven-index/