Event-Driven Tops Wish List for Hedge Fund Allocators
Event-driven strategies are gaining favor among hedge fund allocators as they anticipate a more active environment for merger activity and other strategic corporate moves this year, according to industry observers.
For the first time in a regular tracking survey run by Goldman Sachs, event-driven funds registered as the strategy of most interest, as it topped the latest poll of 358 institutional investors and intermediaries – narrowly beating long-short equity strategies.
“The new managers that I have been dealing with are definitely more event-driven,” said David Goldstein, director of fund services at STP Investment Services. “I’ve seen multiple new event-driven funds that are being set up.”
Read what David and other subject matter experts had to say in FundFire here.
