UK equity specialist Tim Steer has doubled the year-to-date
return of his hedge fund at Artemis Investment Management in
just one month, reaping the rewards of a successful short
position in troubled social housing contractor Connaught.
Artemis UK Hedge has made 22% net so far this year up
from 11% at the end of June. The Connaught short has played by
far the largest part in the funds return generation over
the past couple of months. Its been all about
Connaught really getting the short right,...