Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?
Brian DeChesare
MAY 24, 2023
You could even say that a long-only fund that invests in undervalued companies based on their earnings announcements is “event-driven.” A long/short equity fund could find an undervalued company, like it for reasons A, B, and C, and argue that its price will increase by 50%.
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