Consistency pays for Habrok as long-established team rebounds

Tue Sep 22, 2009

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.

Habrok Capital

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 run by...


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