Allen Global Up 3.75% In Q2, Wins In Anadarko, Cheniere

After going through a dull first quarter, Allen Global Partners did well in the second. The fund which invests in both credit and equities was up 3.75% in 2Q2014, bringing the year-to-date return to +4.75%.

M&A volume rises to $1.5 trillion

In the previous investor update, Allen Global had expressed high hopes for further M&A activity in the year. The fund's conviction paid off in the later quarter, as mergers and acquisition events in its holdings proved beneficial for the fund's returns. The Q2 letter seen by ValueWalk noted that M&A volume surged to $1.5 trillion in...