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Top 10 – Worst 10 Event Driven

An event-driven manager seeks to exploit specific situations surrounding companies that are distressed, changing corporate structures, merging, or undergoing any specific event that may cause the share price to trade in a specific way. Often, these are relative value managers where the market risk or company risk is partially hedged.

The Top 10 Event-Driven and Worst 10 Event-Driven funds for the reporting month are shown below. This is based on our proprietary composite data streams but may contain errors. These are not filtered for Asset Under Management and are ranked on a simple return metric without adjusting for volatility.

While past performance is not indicative of future results, it is immensely satisfying to own managers amongst the best performing managers for the year or month. Likewise, it is excruciating to have exposure to the worst ones. NilssonHedge tracks the best and worst managers per strategy group. These reports are updated throughout the month, as more data arrives. This page shows the managers that we have classified as Event-Driven Managers.

Best/Worst Event Driven MTD, Merger Arb, Special Sit, Performance, Flash Report, Third Point, CIAM, MAN GLG, PSAM, Syquant, Hadron, Kellner
Best/Worst Event Driven YTD, Merger Arb, Special Sit, Performance, Flash Report, Third Point, CIAM, MAN GLG, PSAM, Syquant, Hadron, Kellner

Please verify the returns before taking a victory lap through the office. NilssonHedge does not endorse any managers on the list and ending up at the top or bottom probably tells you more about the risk of a particular than anything else.

Best/Worst Event Driven MTD Scatterplot, Merger Arb, Special Sit, Performance, Flash Report, Third Point, CIAM, MAN GLG, PSAM, Syquant, Hadron, Kellner
Best/Worst Event Driven YTD Scatterplot, Merger Arb, Special Sit, Performance, Flash Report, Third Point, CIAM, MAN GLG, PSAM, Syquant, Hadron, Kellner

The scatter plots above show the relationship between AUM and Returns (MTD/YTD). Large managers have progressively larger markers, showing that they have earned or lost more money. In some cases, we do not have reliable AUM numbers.

There may be additional funds that are better or worse, that we have not captured in our database. Please do tell us if we are missing your fund and we are happy to capture the data.