Gideon King’s Loeb Arbitrage Fund had a tough run in the second quarter. The event-driven hedge fund was up by only 0.55% in 2Q2014, which barely edged up the return for the year to +0.64%. Other funds who seek to capture profits from event-driven arbitrage did somewhat better than Loeb Arb in the past quarter. However, the return on Credit Suisse Merger Arbitrage Liquid Index is down 4.3% YTD. Funds like John Paulson’s Enhanced Fund were up 11% through the end of June for the year, whereas Paulson International was up 5.4% over the same period. TIG Arbitrage Enhanced Fund gained roughly 7%…
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