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This Event-Driven Value Fund More than Doubled the HFRI Event-Driven Index’s Q4 Return

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Michelle deBoer-Jones
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Gates Capital's ECF Value Fund returned 5.5% for the fourth quarter, bringing its full-year return go 25.6% for 2023. For comparison, the HFRI Event-Driven Index gained 5.8% for the quarter and 10.7% for the year.

The Russell 2000 Value Total Return Index was up 15.3% for the quarter and 14.6% for the year, while the Russell...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.