Strategy
Alternative Investments
The Driehaus alternatives team manages the Driehaus Event Driven strategy. The Event Driven strategy employs an array of trade strategies that seek to deliver superior risk adjusted returns, while exhibiting low correlation and less volatility relative to major asset classes/event driven indices. The strategy is led by portfolio managers Michael Caldwell, Thomas McCauley and Yoav Sharon.
Institutional Investors
Our institutional sales team will be pleased to address questions and requests related to separately managed account vehicles that employ our investment strategies.
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Driehaus Event Driven Strategy
View DetailsDriehaus Event Driven Strategy
The strategy seeks to provide superior risk adjusted returns with low correlations to major asset classes and lower volatility than the S&P 500 Index.
Facts
- Strategy Inception Date
- Feb 01, 2013
- Total Strategy Assets
As of Apr 30, 2022
- $740M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Philosophy & Process
Event Driven
We believe attractive event-driven investments exist in the global equity and credit markets due to the highly idiosyncratic nature of event-driven situations. Traditional market participants are often unwilling or unable to navigate the capital structure, legal, and regulatory complexity of event driven situations and/or may have discomfort with binary outcomes. The strategy seeks to exploit these market inefficiencies by applying a highly specialized event driven investing framework which enables us to identify the most attractive risk adjusted return opportunity for a given situation.
Featured Commentary
Driehaus Event Driven Fund March 2022 Commentary with Attribution
After briefly touching all-time highs, equity markets swiftly and dramatically reversed course. More strikingly, fixed income markets were roiled by inflation readings hitting 40-year highs, which resulted in a sharp rise in global government yields. Add to that a ratcheting upward of expectations for Federal Reserve rate hikes – peaking at 10 hikes over the course of the next 18 months – and it is no surprise that investor angst, spiked in a commensurate fashion. With geopolitical tensions unfolding on the world stage in a horrific manner adding even more uncertainty, several stress indicators reached levels rarely witnessed over the past decade.
Driehaus Event Driven Fund December 2021 Commentary with Attribution
With the turn of the calendar behind us, we spent the last few weeks reflecting on yet another eventful year in financial markets. Like last year, our macro forecasting model yet again failed to predict some of the more unexpected twist and turns. Fortunately, we are not in the macro prediction game, and we instead focus on identifiable catalysts across our large investment universe.
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