Based in New York and Amsterdam, Pieter Taselaar and Thijs
Hovers adopt a long-term strategy to mid-cap long/short equity
investing that comes with a fair degree of volatility
Although many hedge funds that lost money in the market
freefall last year have recouped at least some of their losses
this year, very few have bounced back as sharply as Lucerne
Pieter Taselaar and Thijs Hovers
The US and Amsterdam-based manager of deep value long/short
European equity hedge funds has gained a stunning 103% this
year to the end of September in its flagship Lucerne Capital
The astonishing rebound comes after a poor performance in
2008. In an extraordinary difficult year for virtually every
hedge fund strategy, managers of fundamentally focused and
value-based equity funds were particularly hard hit.
Lucerne was no exception, falling nearly 44% last year -
with the heaviest losses occurring in...