Event-Driven Hedge Funds Are The `Worst Disappointment,' Says K2By
Global macro funds also fell short amid low interest rates
K2 has cut amount of allocations to event-driven hedge funds
Event-driven strategies have been the most disappointing performers this year, said Robert Christian, head of investment research at Franklin Resources Inc.’s K2 Advisors, after many hedge funds failed to profit from mergers and acquisitions despite a record year for deals.
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