Event Driven
AH Event Driven UCITS Index
Event Driven is an investing strategy that seeks to exploit pricing inefficiencies that may occur in securities of companies undergoing corporate events, such as mergers and acquisitions, spin-offs, restructuring, security issuance or other capital structure adjustments. Investments can be long or short and made using a range of instruments including equities, bonds and options.
Strategy AUM
30 September 2023
£11.0b
-28.9% YoY
Performance
Monthly Returns
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.0 | -0.1 | -0.9 | 0.2 | -2.0 | 1.3 | 0.8 | 0.9 | 0.4 | -0.9 | 1.5 | 2.2 | ||
| 2022 | -0.8 | 0.0 | -0.2 | -0.8 | -1.2 | -1.9 | 1.1 | 1.0 | -1.3 | 0.4 | 0.3 | 0.1 | -3.2 | |
| 2021 | 0.8 | 1.3 | 0.2 | 1.5 | 0.4 | -0.1 | -0.8 | 1.0 | 0.3 | 0.9 | -0.6 | 0.4 | 5.4 | |
| 2020 | 0.3 | -1.2 | -7.7 | 4.2 | 0.7 | 0.5 | 1.0 | 1.0 | -0.1 | -0.1 | 3.2 | 1.6 | 3.0 | |
| 2019 | 1.3 | 0.8 | 0.5 | 1.0 | -0.9 | 0.3 | 0.4 | -0.3 | 0.1 | 0.3 | 0.4 | 1.0 | 5.1 | |
| 2018 | 0.3 | 0.0 | -1.3 | -0.2 | 0.7 | 0.1 | -1.1 | 0.1 | 0.0 | -1.2 | 0.3 | -1.2 | -3.5 | |
| 2017 | 0.3 | 0.4 | 0.0 | 0.9 | 0.2 | 0.3 | 0.4 | -0.8 | 0.1 | -0.1 | -0.7 | 0.5 | 1.5 | |
| 2016 | -1.3 | -0.1 | 0.5 | -0.2 | 0.2 | -1.2 | 0.7 | 0.3 | 0.0 | -0.8 | 0.3 | 0.7 | -0.8 | |
| 2015 | -0.1 | 1.9 | 0.3 | 0.2 | 1.1 | -1.3 | -0.5 | -1.8 | -1.8 | 0.3 | -0.6 | -0.4 | -2.7 | |
| 2014 | 0.0 | 1.1 | -0.5 | -0.3 | 0.0 | 0.6 | -0.7 | -0.1 | -1.2 | -2.4 | 0.9 | -0.1 | -2.7 | |
| 2013 | 0.0 | 0.0 | ||||||||||||
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Index Constituents
| Name | Inception Date | Sub-Strategy | Geography | AUM | AMC | Perf. Fee | Hurdle | Min Inv. | Liquidity | MTD | YTD | 2022 | 1W | 1M | 3M | 6M | 1Y | 2Y | 3Y | ISIN | Liquidity | Domicile | Inv. Adviser | Portfolio Manager | UN PRI Signatory | Companywide ESG Policy | SFDR | ESG Data Integration | Active Ownership | ESG Exclusion List | Return Consistency Percentile Rank |
Performance Percentile Rank |
Diversifier Percentile Rank |
Downside Protection Percentile Rank |
Low Risk Percentile Rank |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AB Event Driven Portfolio | Feb 2020 | Merger Event | Global | £166m | 0.80% | 0% | No | 1,000,000 | Daily | -0.2 | 1.3 | -4.8 | -0.1 | 1.3 | 0.6 | 6.8 | 0.9 | -2.7 | 2.8 | LU2106585560 | Daily | Luxembourg | Alliance Bernstein | Vikas Kapoor, Scott Schefri... | Yes | Yes | Article 8 | Yes | N/A | Yes | 36 | 19 | 87 | 45 | 40 | ||
| Alpine Merger Arbitrage Fund | Jul 2018 | Merger Arbitrage | Global | £205m | 1.00% | 20% | No | 1,000,000 | Daily | 0.1 | -1.4 | 0.1 | 0.1 | 1.8 | 2.4 | 8.5 | -0.7 | -0.7 | 3.6 | IE00BG7PPQ01 | Daily | Ireland | Alpine Associates Management | Robert E. Zoellner, Jr | Yes | No | Article 6 | No | N/A | Yes | 55 | 29 | 79 | 68 | 28 | ||
| Amundi Sand Grove Event Driven Fund | Jul 2023 | Merger Event | Global | £39m | 1.50% | 20% | No | 100,000 | Daily | 0.0 | -0.1 | 1.6 | 0.9 | IE000A42QMM8 | Daily | Ireland | Sand Grove Capital Manageme... | Yes | Yes | Article 6 | No | N/A | N/A | ||||||||||||||
| Amundi Tiedemann Arbitrage Strategy | Feb 2013 | Merger Arbitrage | Global | £1.0b | 1.40% | 20% | 100,000 | Daily | 0.1 | 5.3 | 0.8 | 0.4 | 2.2 | 2.0 | 6.1 | 6.0 | 6.2 | 12.6 | IE00B905SX62 | Daily | Ireland | TIG Advisors LLC | Drew Figdor | Article 6 | 92 | 61 | 56 | 68 | 89 | ||||||||
| AQR Sustainable Corporate Arbitrage UCITS Fund | Jun 2021 | Merger Event | Global | £104m | 1.30% | 0% | No | 100,000 | Daily | 0.4 | 3.3 | -2.9 | 0.4 | 1.8 | -0.1 | 3.4 | 3.6 | 0.7 | LU2319525270 | Daily | Luxembourg | AQR Capital Management | Mark Mitchell, Todd Pulvino... | Yes | Yes | Article 8 | Yes | Yes | Yes | ||||||||
| Bantleon Event Driven Equities | Jun 2019 | Merger Arbitrage | Global | £30m | 0.95% | 10% | Yes | 250,000 | Daily | 0.0 | 3.6 | -7.8 | 0.1 | 1.1 | 1.4 | 5.8 | 2.6 | -4.6 | 6.2 | LU1989517732 | Daily | Luxembourg | Bantleon Bank AG | Oliver Scharping / Leonard ... | Yes | Yes | Article 6 | No | Yes | Yes | 23 | 20 | 25 | 10 | 14 | ||
| BlackRock Global Event Driven Fund | Aug 2015 | Merger Event | Global | £2.4b | 1.00% | 20% | No | 0 | Daily | 0.6 | 4.4 | -2.3 | 0.3 | 3.0 | 1.5 | 4.4 | 3.7 | 2.6 | 4.5 | LU1251621188 | Daily | Luxembourg | BlackRock Investment Manage... | Mark McKenna | Yes | Yes | Article 6 | Yes | Yes | Yes | 62 | 49 | 32 | 40 | 75 | ||
| Candriam Equities L Risk Arbitrage Opportunities | Mar 2021 | Merger Arbitrage | Global | £45m | 1.00% | 20% | Yes | 0 | Daily | -0.1 | -1.4 | -2.3 | 0.0 | 0.5 | 0.9 | 3.4 | -1.3 | -3.0 | LU2223683918 | Daily | Luxembourg | Candriam | Fabienne Cretin, Stéphane D... | Yes | Yes | Article 6 | No | Yes | Yes | ||||||||
| Candriam Index Arbitrage | Sep 2003 | Merger Event | Global | £460m | 0.24% | 20% | Yes | 250,000 | Daily | -0.2 | 3.3 | -1.9 | -0.1 | -0.2 | 0.9 | 2.2 | 3.4 | 1.2 | 3.2 | FR0010016477 | Daily | France | Candriam | Emmanuel Terraz, Olivier Ro... | Yes | Yes | Article 6 | No | Yes | Yes | 59 | 29 | 51 | 64 | 76 | ||
| Carmignac Portfolio Merger Arbitrage | Apr 2023 | Merger Arbitrage | Global | £150m | 0.60% | 20% | Yes | 0 | Daily | -0.1 | 0.0 | 0.2 | 1.0 | 2.3 | LU2585800878 | Daily | Luxembourg | Carmignac Gestion | Stéphane Dieudonné, Fabienn... | Yes | Yes | Article 8 | Yes | Yes | N/A | ||||||||||||
| Carmignac Portfolio Merger Arbitrage Plus | Apr 2023 | Merger Arbitrage | Global | £84m | 0.95% | 20% | No | 0 | Daily | -0.2 | -0.2 | 0.2 | 1.0 | 3.8 | LU2585801330 | Daily | Luxembourg | Carmignac Gestion | Stéphane Dieudonné, Fabienn... | Yes | Yes | Article 8 | Yes | Yes | N/A | ||||||||||||
| CIAM Satellite Event-Driven UCITS | Jul 2018 | Multi Event | Europe | £11m | 1.50% | 15% | No | 50,000 | Daily | 0.1 | -3.3 | -24.8 | 0.2 | 0.0 | -8.5 | -7.9 | -2.7 | -27.5 | LU1840467259 | Daily | Luxembourg | CIAM | Catherine Berjal, Anne-Soph... | 15 | 8 | 46 | 8 | 5 | |||||||||
| First Private Systematic Merger Opportunities | Apr 2020 | Merger Arbitrage | Global | £9m | 0.75% | 10% | Yes | 250,000 | Daily | 0.1 | 0.8 | -0.1 | 0.2 | 0.5 | 0.5 | 3.5 | 1.5 | 1.3 | 5.5 | DE000A0Q95G3 | Daily | Germany | First Private Investment Ma... | No | Yes | Article 6 | No | Yes | Yes | 54 | 40 | 84 | 60 | 88 | |||
| Franklin K2 Bardin Hill Arbitrage UCITS Fund | Sep 2019 | Merger Arbitrage | Global | £101m | 1.25% | 12.5% | 5,000,000 | Daily | -0.3 | 3.0 | 3.0 | -0.1 | 2.0 | 1.9 | 4.7 | 3.8 | 6.1 | 10.6 | LU2039784561 | Daily | Luxembourg | Bardin Hill Investment Part... | Gian Maria Magrini | Article 6 | 99 | 65 | 39 | 63 | 95 | ||||||||
| GA-Courtenay Special Situations Fund | Oct 2019 | Multi Event | Global | £25m | 0.75% | 20% | No | 1,000,000 | Daily | -0.3 | 2.2 | -12.8 | -0.1 | 19.2 | 18.5 | 9.3 | 2.0 | -8.5 | 23.4 | IE00BK6GV757 | Daily | Ireland | Green Ash Partners LLP | Adrian Courtenay | Yes | Yes | Article 6 | No | N/A | N/A | 36 | 61 | 92 | 35 | 17 | ||
| GAMCO Merger Arbitrage | Oct 2011 | Merger Arbitrage | Global | £504m | 1.00% | 20% | 100,000 | Daily | 0.0 | 2.1 | 2.5 | 0.0 | 1.1 | 0.7 | 4.6 | 2.5 | 5.6 | 13.4 | LU0687944552 | Daily | Luxembourg | GAMCO Investors | Ralph Rocco , Mario Gabelli | Article 6 | 97 | 75 | 27 | 53 | 90 | ||||||||
| Hadron Alpha Select UCITS | Apr 2010 | Multi Event | Global | £11m | 2.00% | 20% | 100,000 | Daily | 0.4 | 22.0 | -7.2 | 0.5 | 2.7 | 1.0 | 16.9 | 19.0 | 15.0 | 44.0 | IE00B62LK681 | Daily | Ireland | Hadron Capital | M D’Attanasio, M Ciuchini, ... | 42 | 100 | 50 | 28 | 58 | |||||||||
| IAM O’Connor Event Driven UCITS Fund | Feb 2021 | Merger Event | Global | £223m | 1.05% | 20% | No | 0 | Weekly | 3.7 | -1.2 | 0.7 | 6.3 | 4.2 | 2.7 | IE00BKX8M153 | Weekly | Ireland | International Asset Management | Joe Newell, Blake Hiltabrand | Yes | Yes | Article 6 | No | N/A | N/A | |||||||||||
| Kite Lake Event Driven UCITS | May 2017 | Merger Event | Global | £501m | 1.25% | 20% | None | 1,000,000 | Weekly | -1.6 | 4.1 | 0.0 | 1.6 | 1.2 | 6.3 | -1.0 | 2.4 | 7.9 | IE00BYXZ2F80 | Weekly | Ireland | Kite Lake Capital | Jamie Sherman | 90 | 51 | 30 | 60 | 62 | |||||||||
| KLS Athos Event Driven | Apr 2021 | Merger Event | Global | £45m | 1.25% | 20% | Yes | 1,000,000 | Daily | 0.5 | 5.4 | -4.0 | 0.1 | 2.8 | 3.3 | 6.4 | 5.9 | 2.6 | IE00BN7J4Q47 | Daily | Ireland | Athos Capital Limited | Matthew Moskey, Fred Schult... | Yes | Yes | Article 6 | Yes | No | N/A | ||||||||
| Laffitte Risk Arbitrage UCITS | Dec 2007 | Merger Arbitrage | Global | £9m | 1.40% | 15% | 150,000 | Daily | 0.1 | 1.0 | -3.2 | 0.2 | 1.2 | 0.9 | 2.3 | 1.1 | -1.2 | 2.8 | LU1602251818 | Daily | Luxembourg | Laffitte Capital Management | 43 | 38 | 54 | 50 | 80 | ||||||||||
| Leadersel Event Driven | May 2016 | Merger Event | Global | £178m | 1.50% | 20% | 500,000 | Daily | 0.3 | -0.2 | -5.0 | 0.3 | 1.1 | 1.0 | 1.6 | -0.6 | -4.4 | -3.1 | LU1323913191 | Daily | Luxembourg | Ersel Asset Management Sgr SpA | Giorgio Nicola, Riccardo Co... | 47 | 24 | 41 | 44 | 60 | |||||||||
| LO Event Convexity | Oct 2015 | Merger Event | Global | £77m | 1.50% | 20% | None | 1,000,000 | Weekly | 0.3 | 5.6 | -3.8 | 0.4 | 1.7 | 2.5 | 5.0 | 5.3 | 1.3 | 2.5 | LU1924980409 | Weekly | Luxembourg | Lombard Odier Investment Ma... | 36 | 28 | 11 | 41 | 68 | |||||||||
| Lumyna - MY Asian Event-Driven UCITS Fund | Nov 2010 | Multi Event | Asia | £72m | 1.50% | 20% | No | 1,000,000 | Weekly | -1.9 | -4.9 | -6.9 | -2.1 | -3.7 | -6.9 | -4.0 | -4.8 | -13.7 | -14.0 | LU0532510723 | Weekly | Luxembourg | York Capital Management | Masahiko Yamaguchi | No | No | Article 6 | No | No | N/A | 29 | 11 | 85 | 85 | 9 | ||
| Lumyna - PSAM Global Event UCITS | Sep 2010 | Multi Event | Global | £354m | 1.50% | 15% | No | 1,000,000 | Weekly | 0.2 | -1.4 | -5.9 | 0.5 | 1.5 | -0.2 | 3.0 | -1.1 | -6.9 | 2.3 | LU1951089868 | Weekly | Luxembourg | P. Schoenfeld Asset Management | Peter Schoenfeld | Yes | Yes | Article 8 | No | Yes | Yes | 65 | 38 | 48 | 47 | 44 | ||
| Man GLG Event Driven Alternative | Jul 2019 | Merger Arbitrage | Global | £706m | 1.00% | 20% | No | 1,000,000 | Daily | 0.1 | 4.7 | 2.1 | 0.0 | 1.5 | 1.0 | 3.0 | 5.0 | 7.3 | 13.4 | IE00BJJNGV56 | Daily | Ireland | Man Group Plc | Cristian Cibrario | No | Yes | Article 6 | No | N/A | N/A | 100 | 82 | 55 | 72 | 99 | ||
| Melqart Event Driven UCITS Fund | Feb 2023 | Merger Event | Global | £109m | 1.50% | 20% | Yes | 1,000,000 | Daily | 0.0 | 0.0 | -0.1 | 5.0 | 4.9 | 9.2 | IE000MA4T0Y9 | Daily | Ireland | Melqart Asset Management | Michel Massoud, Joseph Gebr... | Yes | Yes | Article 6 | No | N/A | N/A | |||||||||||
| MontLake Abrax Merger Arbitrage UCITS Fund | Jul 2019 | Merger Arbitrage | Global | £18m | 1.50% | 15% | No | 100,000 | Daily | -12.1 | -10.0 | -5.3 | -9.6 | -17.4 | -23.0 | -14.6 | IE00BZ01DF31 | Daily | Ireland | AUM Asset Management Ltd | Xavier Robinson | No | Yes | Article 8 | Yes | No | Yes | 9 | 10 | 55 | 34 | 14 | |||||
| MontLake Burren Global Arbitrage UCITS | Jun 2015 | Merger Arbitrage | Global | £8m | 1.50% | 20% | 100,000 | Daily | -0.6 | 1.9 | 0.5 | -0.3 | 0.9 | 2.4 | 4.6 | 2.3 | 2.4 | 1.1 | IE00BWGCG729 | Daily | Ireland | Burren Capital Advisors | 19 | 18 | 74 | 70 | 60 | ||||||||||
| MontLake Mygale Event Driven UCITS | Jan 2016 | Merger Event | Europe | £227m | 1.25% | 15% | 10,000,000 | Daily | 0.0 | -0.4 | -2.2 | 0.0 | -0.2 | -1.2 | -0.4 | -1.0 | -2.2 | 1.2 | IE00BYRPFT92 | Daily | Ireland | Tavira UK | Neil Tofts | 81 | 43 | 38 | 46 | 86 | |||||||||
| Neuberger Berman Event Driven Fund | Oct 2022 | Merger Event | US | £91m | 1.00% | 20% | Yes | 2,500,000 | Daily | -0.2 | 3.1 | 0.0 | 1.5 | 1.8 | 3.1 | 3.2 | IE000F96D003 | Daily | Ireland | Neuberger Berman | Joe Rotter | Yes | Yes | Article 6 | No | Yes | No | ||||||||||
| Petrus Advisers Special Situations | Aug 2015 | Multi Event | Europe | £106m | 2.00% | 20% | 12M EURIBOR +3% | 250,000 | Daily | -0.3 | 20.6 | -18.9 | -0.1 | 2.4 | 3.3 | 5.4 | 16.8 | -1.5 | 23.8 | LU1214677046 | Daily | Luxembourg | Petrus Advisers | Petrus Advisers | 43 | 91 | 37 | 3 | 18 | ||||||||
| Pictet TR - Lotus | Dec 2022 | Multi Event | Asia | £170m | 1.10% | 20% | Yes | 1,000,000 | Weekly | -0.4 | 3.1 | -0.5 | -1.8 | -0.2 | 1.7 | LU2549859374 | Weekly | Luxembourg | Pictet Funds (Europe) S.A. | Jon Withaar | No | No | Article 6 | No | N/A | N/A | |||||||||||
| PrivilEdge – Amber Event Europe UCITS | Jun 2018 | Multi Event | Europe | £139m | 1.25% | 17.5% | No | 5,000,000 | Weekly | 0.1 | 6.9 | -0.2 | 0.1 | 2.3 | 3.7 | 5.9 | 6.4 | 6.6 | 14.8 | LU1840470048 | Weekly | Luxembourg | Amber Capital | Olivier Fortesa | Yes | Yes | Article 8 | Yes | Yes | Yes | 71 | 81 | 47 | 40 | 84 | ||
| Syquant Helium Fund | Oct 2005 | Merger Event | Global | £424m | 1.50% | 15% | Yes | 50,000 | Daily | 0.1 | 3.4 | 0.2 | 0.1 | 0.7 | 1.1 | 2.2 | 4.2 | 4.1 | 9.7 | LU0912261541 | Daily | Luxembourg | Syquant Capital | Henri Jeantet | Yes | Yes | Article 8 | Yes | Yes | N/A | 95 | 58 | 27 | 63 | 91 | ||
| Syquant Helium Opportunities | Sep 2009 | Merger Event | Global | £504m | 1.25% | 15% | Yes | 50,000 | Weekly | 0.5 | FR0010757831 | Weekly | France | Syquant Capital | Henri Jeantet | Yes | Yes | Article 6 | Yes | Yes | N/A | 96 | 62 | 33 | 65 | 96 | |||||||||||
| Syquant Helium Performance | May 2013 | Multi Event | Global | £941m | 1.00% | 15% | Yes | 100,000 | Daily | 0.1 | 4.2 | 0.0 | 0.1 | 0.8 | 1.3 | 2.8 | 4.7 | 5.0 | 12.5 | LU0912262275 | Daily | Luxembourg | Syquant Capital | Xavier Morin | Yes | Yes | Article 8 | Yes | Yes | N/A | 93 | 70 | 49 | 59 | 94 | ||
| Syquant Helium Selection | Sep 2014 | Multi Event | Global | £567m | 1.00% | 15% | Yes | 100,000 | Daily | 0.2 | 6.1 | 3.0 | 0.2 | 1.0 | 2.0 | 3.9 | 7.2 | 10.4 | 24.9 | LU1112771255 | Daily | Luxembourg | Syquant Capital | Xavier Morin | Yes | Yes | Article 8 | Yes | Yes | N/A | 95 | 89 | 54 | 65 | 96 | ||
| U ACCESS (IRL) Cheyne Arbitrage UCITS | Apr 2018 | Merger Event | Global | £30m | 1.00% | 10% | Yes | 100,000,000 | Daily | 0.1 | -0.5 | 3.0 | 0.3 | 3.1 | 2.8 | 7.5 | 0.4 | 2.1 | 7.0 | IE00BDT6DM21 | Daily | Ireland | Cheyne Capital | Cheyne Capital Management (... | No | No | Article 6 | No | N/A | N/A | 76 | 54 | 61 | 83 | 42 |
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