Event-Driven Hedge Funds Are The `Worst Disappointment,' Says K2

  • 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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