NilssonHedge provides an Event-Driven hedge fund index, based on the average return. We do not provide backtracked returns nor do we allow for “instant track-records”. The members of the index will be disclosed for the 2021 version. The Index contains relatively few funds in the early period





We source data from UCITS and 40-act funds, liquid alternative strategies.
The index is based on managers that are part of the database as of the end of the prior year. We do not impose minimum requirements on track records or aum for this subset. Managers that drop out of the index are replaced with the average return of the index.
Event-Driven managers engage in various types of strategies, including but not limited to, Merger Arbitrage, Distressed Securities, Corporate Events, and other strategies such as Activist strategies. Most of the funds have low beta and are closer to market-neutral, but caries significant idiosyncratic risk.
Index Constituents
Advent Global | Advent Global Partners (ML) |
Allianz Global Investors | Merger Arbitrage Strategy |
Alpine | Merger Arbitrage |
Bantleon | Event Driven Equities |
Bardin Hill | Arbitrage (Franklin K2) |
Blackrock | Event Driven Equity |
Boussard Gavaudan | Absolute Return |
Burren | Global Arbitrage (ML) |
Cheyne | Cheyne Arbitrage (U Access) |
Formue Nord | Fokus |
Formue Nord | Formue Nord Markedsneutral AS |
Gabelli | Gabelli ABC |
Gabelli | Mergers & Acquisitions |
Gamco | Merger Arbitrage |
Hadron | Alpha Select |
Highland | Highland Merger Arbitrage |
Kellner | Kellner Merger |
KiteLake | Event Driven |
Laffitte | Risk Arbitrage |
Leadersel | Event Driven |
Lombard Odier Investment Managers | Event Convexity |
Lutetia | Patrimoine |
Man GLG | GLG Event Driven |
Merger | Merger |
Mygale | Event Driven (ML) |
Odey | Special Situations |
Pictet | Agora |
Portland | Hill Catalyst Driven |
PrivilEdge | Amber Event Europe |
PSAM | Global Event (Lumyna) |
Ramius | Merger Arbitrage (Lumyna) |
SilverPepper | SilverPepper Merger Arbitrage |
Syquant | Helium |
Syquant | Helium Performance |
Syquant | Helium Selection |
Tiedemann | Arbitrage Strategy (Lyxor) |
Vivaldi | Vivaldi Merger Arbitrage |
Water Island | Arbitrage |
Water Island | Water Island Diversified Event-Driven |
Water Island Long/Short Fund | Water Island Long/Short Fund |
York | Asian Event (Lumyna) |
GAM International Management | Merger |
CIAM | Satellite Event Driven |
Camelot | Camelot Event Driven |
Driehaus | Event Driven |
Weiss Alternative | Monthly Distribution (Dunham) |
Gabelli | Merger Arb |
Third Point | Third Point |
WCM | Alternatives Event-Driven |
AllianceBernstein | Event Driven Portfolio |
Athos | Event Driven |
UBS | O’Connor Event Driven |
AQR Capital Management | Sustainable Corporate Arbitrage |
Abrax | Merger Arbitrage |
Candriam Investors Group | Risk Arbitrage Opportunities |
Oceanwood | Opportunities |
UBS O’Connor | Event Driven |
Advent Global | Advent Global Partners (ML) |
Allianz Global Investors | Event Driven Strategy |
Allianz Global Investors | Merger Arbitrage Strategy |
Alpine | Merger Arbitrage |
Bantleon | Event Driven Equities |
Bardin Hill | Arbitrage (Franklin K2) |
Blackrock | Event Driven Equity |
Boussard Gavaudan | Absolute Return |
Burren | Global Arbitrage (ML) |
Cheyne | Cheyne Arbitrage (U Access) |
Formue Nord | Fokus |
Formue Nord | Formue Nord Markedsneutral AS |
FS Investments | Event Driven |
Gabelli | Gabelli ABC |
Gabelli | Mergers & Acquisitions |
Gamco | Merger Arbitrage |
Hadron | Alpha Select |
Highland | Highland Merger Arbitrage |
Kellner | Kellner Merger |
KiteLake | Event Driven |
Laffitte | Dynamic Strategies |
Laffitte | Risk Arbitrage |
Leadersel | Event Driven |
Lombard Odier Investment Managers | Event Convexity |
Lutetia | Absolute Return |
Lutetia | Patrimoine |
Man GLG | GLG Event Driven |
Merger | Merger |
MProved Systematic | MProved Systematic Merger Arbitrage |
Mygale | Event Driven (ML) |
Odey | Special Situations |
Pictet | Agora |
Portland | Hill Catalyst Driven |
PrivilEdge | Amber Event Europe |
PSAM | Global Event (Lumyna) |
Ramius | Merger Arbitrage (Lumyna) |
SilverPepper | SilverPepper Merger Arbitrage |
Syquant | Helium |
Syquant | Helium Performance |
Syquant | Helium Selection |
Tiedemann | Arbitrage Strategy (Lyxor) |
Vivaldi | Vivaldi Merger Arbitrage |
Water Island | Arbitrage |
Water Island | Water Island Diversified Event-Driven |
Water Island Long/Short Fund | Water Island Long/Short Fund |
York | Asian Event (Lumyna) |
York | Event Driven (Lumyna) |
BlackRock | Event Driven Equity |
Formue Nord | Formue Nord Markedsneutral AS |
FS Investments | Event Driven |
Gabelli | Gabelli ABC |
Gabelli | Mergers & Acquisitions |
Highland | Highland Merger Arbitrage |
Kellner | Kellner Merger |
Merger | Merger |
MProved Systematic | MProved Systematic Merger Arbitrage |
SilverPepper | SilverPepper Merger Arbitrage |
Vivaldi | Vivaldi Merger Arbitrage |
Water Island | Arbitrage |
Water Island | Water Island Diversified Event-Driven |
Coeli Asset Management | Coeli Norrsken |
Formue Nord | Formue Nord Markedsneutral AS |