In summary...
Event driven funds generated an average return of +9.1% in the 12 months to January 2022.
AUM has grown by $28.5bn, 76% of this growth was driven by performance.
Activist was the strongest performing event driven sub-strategy generating an average return of 14.4%.
Multi-strategy had the lowest standard deviation amongst sub-strategies of 2.2% and suffered only one negative month in the period.