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A List of Event Driven Hedge Funds

A List of Event Driven Hedge Funds

A List of Event Driven Hedge Funds

Information such as a list of event driven hedge funds or investment funds can be difficult to obtain. Lists of this type are rarely found on the internet. When they are, they are often part of a subscription service. Merger Arbitrage Limited has produced the following list of Event Driven Hedge Funds which have a bias towards merger arbitrage to assist traders and researchers learn more about the players in this niche industry. For the sake of completeness, we have also included prominent event driven investment funds in the list. 

Links to individual fund websites are included when possible. We appreciate any comments from our readers but please be aware information is constantly evolving and updates to this list of event driven hedge funds are frequent. Performance data should be available from the fund website where investors can compare the relative merits of each potential investment. Fund composition data should also be available and may be tweeted periodically on X by MAL via an SEC form 13F-HR filing at @MergerArbLimited

Event driven investment (EDI) strategies such as merger arbitrage attempt to profit from the occurrence of pricing inefficiencies caused by a corporate event. However, more recently this definition has expanded to include additional events and special situations that can significantly affect the company’s operations. Event driven trading itself falls under the category of Alternative Investments. This type of trading is a common mainstay amongst hedge fund strategies.

We also ask that readers appreciate the work that goes into compiling and maintaining a list of this type. Should this list be of benefit to you, Merger Arbitrage Limited asks that you kindly consider the value of this information and consider showing your appreciation by making a donation to the upkeep of this website using the paypal widget located in the sidebar.

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A List of Event Driven Hedge Funds A-C

  • Abrax Merger Arbitrage Fund Ltd
    • CUSIP 0001714275 
    • A merger arbitrage strategy that seeks to exploit opportunities arising from late-stage M&A situations by
      managing a portfolio of equities and using leverage to maximise returns.
  • Accendo Capital SICAV, SIF Class A
    • Accendo Capital’s strategy is to invest in listed Northern European companies where shareholder value is created through active ownership.
  • Allianz Merger Arbitrage Strategy
    • The fund aims to exploit price inefficiencies on the equity market that occur in the course of acquisitions, mergers and other corporate transactions.
  • Alpine Merger Arbitrage Fund
    • Merger arbitrage also includes event-driven situations, such as: Stocks with activist investor-driven catalysts, Bidding wars, Hostile bids, Majority shareholder buyouts, Recapitalizations and partial tenders, Spin-offs and restructurings
  • AQR Diversified Arbitrage Fund
    • The Fund seeks to exploit mispricing’s in markets through a diversified investment approach across merger arbitrage, convertible arbitrage and a suite of event-driven strategies.
  • Avenue Capital Group
  • Arrowgrass Merger Arbitrage Fund International Ltd
    • CUSIP 0001669247
    • We aim to deliver consistent risk-adjusted returns throughout the economic cycle while focusing on capital preservation. Our investment process combines top-down and bottom-up analysis to identify relative value and event driven opportunities and is supported by comprehensive risk management and an institutional-quality infrastructure.
  • Axar Onshore Fund LLC
    • The firm seeks attractive prices relative to intrinsic value and invests in event-driven situations with clear catalysts and asymmetric return potential.
  • Balyasny Asset Management
    • CUSIP 0001218710
    • BAM’s Merger Arbitrage team finds investment opportunities using a sophisticated research process to determine the probability of a successful M&A transaction, while identifying price inefficiencies in the market.
  • Bantleon Event Driven Equities
    • the fund invests in various company-specific event categories which are largely market neutral and relatively low-risk, e.g. merger arbitrage and squeeze-outs
  • Bardin Hill Investment Partners (formerly known as Halcyon Capital Management)
    • CUSIP 0001616416
    • Bardin Hill is a global investment management firm with core competencies in credit strategies, including distressed, stressed, and performing credit, as well as litigation-driven investing, merger arbitrage, and event-driven equities.
  • Baupost Group
    • Baupost Group, led by Seth Klarman, is an event-driven hedge fund focusing on distressed debt, value investing, and merger arbitrage.
  • BlackRock Global Event Driven Fund
    • a fundamentally-driven investment process focused on a broad spectrum of catalyst based investment opportunities. These catalysts range across a broad spectrum and include, but are not limited to, announced mergers and acquisitions, company offers, spinoffs and split-offs, financial and strategic restructuring and management changes
  • Bridgewater Associates
    • Bridgewater Associates, known for its systematic approach, may engage in event-driven strategies, including merger arbitrage, as part of its investment process.
  • Camelot Event Driven Fund
    • The Fund seeks to achieve capital appreciation by investing in the securities of companies where corporate events are expected to unlock value.
  • Candriam
    • CANDRIAM has been offering innovative and diversified investment solutions for more than 20 years in bonds, equities, absolute performance strategies, asset allocation and – more recently – real estate
  • Canyon Partners
    • We focus our investments on securities characterized by complexity, transitioning buyer bases, events, restructurings, and other forms of disruption that can disconnect prices from fundamental value.
  • Cerberus
    • Cerberus Capital Management, L.P. is an American private equity firm, specializing in distressed investing.
  • Cevian Capital
    • Cevian Capital is a Swedish investment firm founded in 1996 by Christer Gardell and Lars Förberg, both of whom serve as managing partners. Backed by Carl Icahn, it is the largest activist investment firm in Europe.
  • Cheyne Capital
    • Cheyne’s Event Driven team invests in event-driven situations in European equities, including merger arbitrage, share class arbitrage and holding company arbitrage. The strategy is market neutral, seeking to generate pure alpha with minimal market sensitivity.
  • Citadel
    • Citadel, a global financial institution, operates a diverse set of strategies, including event-driven approaches such as merger arbitrage.
  • Copper Street Capital, Berkshire, U.K.
    • Copper Street is an alternative investment firm focused on capturing event-driven opportunities within the financial services sector.

A List of Event Driven Hedge Funds D-J

A List of Event Driven Hedge Funds K-O

A List of Event Driven Hedge Funds P-S

A List of Event Driven Hedge Funds T-Z

  • Taconic Capital, New York
    • Taconic Capital is a global institutional investment firm that pursues an event-driven, multi-strategy investment approach dedicated to generating strong risk-adjusted returns over multiple market cycles.
  • Third Point
    • Third Point employs an event-driven, value-oriented investment style. The Firm seeks to identify situations where we anticipate a catalyst will unlock value.
  • TIG Advisors
    • Event-Driven Global Merger Arbitrage Strategy – This strategy focuses on 0-30 day events within the merger process. The team looks to uncover complicated situations where their primary research process provides an edge and generates alpha.
  • Trian Fund Management, New York
    • Trian seeks to invest in high quality but undervalued and underperforming public companies and to work collaboratively with management teams and boards to help companies execute operational and strategic initiatives designed to drive long-term sustainable earnings growth for the benefit of all shareholders
  • Union Square Park Partners, LP
    • The Partnership combines an opportunistic, event-driven investment approach with a value philosophy, focusing on companies undergoing changes in their operations, management, and/or capitalization.
  • Vanguard Alternative Strategies Fund
    • It seeks to generate returns that have low correlation with traditional capital markets and that collectively are expected to have lower volatility than the overall U.S. stock market
  • Viking Global Investors
  • The Water Island Diversified Event-Driven Fund
  • WCM Alternatives
    • The Fund typically attempts to generate profits by capturing price movements generated by specific events. This may include investing in companies that are involved in publicly announced mergers, acquisitions, asset sales or other divestitures, restructurings, re-financings, recapitalizations, reorganizations or other special situations.
  • Westchester Capital
    • With a proven track record of identifying profitable event-driven opportunities and a primary emphasis on preservation of capital, Westchester Capital Management has been an industry leader for over 30 years.
  • Wexford Capital
    • Wexford Capital LP is involved in event-driven investing, including merger arbitrage, with a focus on energy, natural resources, and real estate.
  • Whitebox Advisors
    • Whitebox Advisors is involved in event-driven investing, including merger arbitrage, across various asset classes.
  • York Capital Management

And Finally...

Readers are advised to fully research the positives and negatives of each of these funds BEFORE making any investment. MAL is not responsible for the accuracy of information contained in third-party website. Investors must therefore do their own due diligence when researching these funds.

Feel free to drop us a line with you own additions. Use the comments section below or see additional contact methods (if you wish to remain anonymous) on our Contact Us page. This list is a work in progress and as such will undergo frequent updating. In addition, please understand some information may quickly become obsolete.

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