Strategy
Liquid Alternatives
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.
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, 2024
- $479M
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 2024 Commentary with Attribution
Corporate activity got off to a strong start to the year as capital markets have reopened and corporations are pursuing dynamic growth avenues. In particular, the investment landscape for event driven credit is more attractive now than it has been in many years.
Driehaus Event Driven Fund December 2023 Commentary with Attribution
2023 marked a return of corporate activity and increasing opportunities across the event driven investment landscape. In this year-end letter, the Event Driven team reviews 2023 and discusses its outlook for a robust opportunity set in Event Driven investing in 2024.
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