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Equity market rebound splits winners and losers

May 22, 2009  

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With financial stocks leading the powerful equity market rebounds, April was an extraordinary month for European long/shorts with one of the widest gaps between winners and losers on record.

Odey European gained 27.74% on the month to bring three-month returns to 28.45%, while Pepin was up 18.98% in April leaving three-month figures at 12.02%.

Victory was...

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