Active M&A Fails To Lift Event-Driven, Merger Arb. Hedge Funds

May 8 2012 | 10:53am ET

Despite an uptick in mergers and acquisitions last month, hedge funds designed to profit for them failed to do so in a big way.

April saw the most M&A activity since October. But event-driven hedge funds posted some of the worst performances of the month, and merger arbitrage funds also suffered losses.

Event-driven funds lost 0.64%, according to the Dow Jones Credit Suisse Hedge Fund Index. Merger arb. funds fell 0.25%, according to Hedge Fund Research. The average hedge fund lost about one-third of a percent in April.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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