What's the difference between l/s equity HFs and event driven HFs?

wamartinu's picture
Rank: Baboon | banana points 133

Whats the fundamental difference between these 2 types of strategy? As I see it, they are pretty much the same, as you can go long/short equity based on some certain event. Event driven HFs, particularly the ones focusing on merger arbitrage go long/short equities as well. But I guess event driven HFs focus on the credit side as well and not just equities. so far that's the only difference that I see between them 2. I find the HFs classifications very confusing: another one that I find confusing is that between event driven HFs and special situations HFs.

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Feb 11, 2011

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