Driehaus Preps Event Driven Fund

Chicago-based Driehaus Capital Management is looking to add another alternative mutual fund to its lineup within the next few months.

According to a regulatory filing, the firm is looking to launch the Driehaus Event Driven Fund sometime in April. The fund will piggyback on bankruptcies, mergers, acquisitions, refinancings and “earnings surprises” as well as government and regulatory agency rulings to bet on a broad range of asset classes, including fixed-income and floating rate debt securities, loans, common stocks, preferred stocks, American Depositary Receipts and Global Depositary Receipts, options, futures and swaps.

K.C. Nelson, portfolio manager of the Driehaus U.S. Long/Short Credit Strategies, will manage the new offering. The firm’s current slate of alternative credit funds includes the Active Income Fund, Select Credit Fund and the International Credit Opportunities Fund.