Hedge Fund Revival Quickens as Event-Driven Trades Prosper

(Bloomberg) Hedge funds betting on takeovers and company re-organizations are once again attracting investment in Europe amid the continent’s best start to a year for deal-making since 2014. Kite Lake Capital Management almost doubled client assets this year, while Everett Capital Advisors nearly tripled its funds since launching in January 2016. The money overseen by Melqart Asset Management has grown 12-fold since the firm started less than two years ago.

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