“The opportunity set for event-driven strategies is highly robust,” McKenna said. “Driven by tepid organic growth, peak margins, and high corporate cash balances, CEOs are compelled to pursue strategic imperatives to drive shareholder value. This has already resulted in a bumper year for M&A activity in 2015 and we believe high levels of all corporate activity across the event catalyst spectrum will continue, providing opportunities to exploit the value gap created from these transformative corporate events,” he added.
“Investors are increasingly demanding all-weather investment solutions that provide a different set of returns to equities and bonds, reduce portfolio volatility, and offer downside protection,” said Sheryl Needham, managing director, BlackRock Alternatives Specialists. “This event-driven fund provides investors with exposure to a large, global investable universe that is designed to promote an uncorrelated return profile.”
