The Driehaus liquid 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.
Our institutional sales team will be pleased to address questions and requests related to separately managed account vehicles that employ our investment strategies.
Ask Us!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.
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.
The Event Driven fund’s year end letter provides a review of the performance drivers for 2024, expectations for a resurgent M&A environment in 2025, and an outlook for the fund’s three core investment strategies.
As we approach the upcoming elections, we anticipate a pivotal shift in the landscape of corporate activity. In this letter, we provide an update on the fund's performance, our insights into the current event-driven market conditions, and our outlook for the near future.