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		Event-driven strategies attempt to exploit from short-term
events. Mergers and acquisitions (M&A) and distressed debt are two other major categories.
Here are the other categories:
- Speculating market
 volatility by purchasing and selling options in the manufacturing sector –
 Relative value
- Predicting future
 economic growth from one sector to another – Macro
- Finding individual
 undervalued stocks – Equity hedge
- Selecting individual
 securities while remaining market-neutral – Equity hedge