Allen Global On SunCoke Energy And Telecom Wave In Europe

Allen Global Partners, a New York based hedge fund, posted an average return in 2014. The fund was up 0.96% return in Q1, according to a quarterly update seen by ValueWalk. Like other funds of its kind, Allen Global is also smelling a strong whiff of merger activity in this year that will intensify as more industries move to consolidate. The one billion dollar fund invests in both credit and equities. The quarterly letter also noted a significant increase in multi-billion dollar merger activity, it pointed out that 40% of M&A events in Q1 were deals worth more than $5 billion. The…