Ex-Fidelity man LC Kvaal's Delta Europe fund, formerly run
with Trafelet, is recovering fast from a dramatic shrinkage in
2008 - and with a new long-term partnership in place
Former Fidelity manager LC Kvaal and his long-established
team are enjoying a stunning rebound this year with their
five-year-old Delta Fund Europe, which is now trading under the
new identity of Habrok Capital following a split from New
York-based Trafelet Capital earlier this year.
The fund, a Europe-centric and eclectic value-based long/short
equity strategy that also invests in the Middle East, Africa,
parts of Asia and the Americas, is up by 55% to the end of
August - regaining the ground lost last year when it fell by
some 34% and suffered a dramatic reduction in its size.
Delta Fund Europe, managed by former Fidelity portfolio
manager Kvaal and his team from inception in April 2004, is now