With the recent merger arbitrage litigation settlement in the REIT sector, the event driven space has closed the books on one of the most unique times to invest in Risk Arbitrage. In this piece, we discuss Driehaus Event Driven Strategy’s approach to risk arbitrage investing.
The election is behind us now, as is the first release of COVID vaccine data, so those are no longer topical, right? Well, not exactly, but everyone would likely agree that the probability distribution of outcomes (however you define that) from here looks a lot different than it did two weeks ago.
Governance standards on the whole are lacking in emerging markets compared to those in developed markets, though they have been improving over the past many years. We have always placed a very high focus on governance in our emerging markets strategies, in part, because it is such a differentiating factor within the asset class and because accurately assessing governance risks has been an essential tool for limiting downside risk in our portfolios.