24/7 Wall st – The phrase “A rising tide lifts all boats” is frequently used around Wall Street when the good times roll. It basically helps to explain why in a good market almost everything works, with little regard for who is running the show or holding the assets. In the world of hedge funds, this has been a very solid year for not only capital inflows, but from a performance standpoint. In fact, according to HFR, capital inflows for the first half of 2013 exceeded the first half of 2012 by 50%. The rising tide of the equity markets has helped many of the top funds. The one sector in the hedge fund world that has been a dominant winner is the event-driven (ED) strategy.
Event-Driven Hedge Funds Dominate Inflows and Performance
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