Event Driven Strategy
A hedge fund strategy in which the manager takes significant positions in a certain number of companies with "special situations."
Investopedia Commentary
These "special situations" could include distressed stocks, mergers, takeovers, big news stories, and the like.
Related Links
Introduction To Hedge Funds - Part One
Introduction To Hedge Funds - Part Two
The Basics of Mergers and Acquisitions
See also: Acquisition, Event Risk, Hedge Fund, Merger