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
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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 Mar 31, 2021
- $700M
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 December 2020 Commentary and Attribution
In hindsight, our 2020 macro prediction model got it wrong. We failed to predict the global pandemic, worldwide market despair, and more. Despite our lack of precise forecasting, the fund weathered the storm. However, we opportunistically made a series of attractive investments prior to, during, and after the most extreme market moves.
And…. Scene?!?
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.
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