|
|
|
|
Jonathan Sharpe |
Ralph Jainz |
Ton Tjia |
As a demonstration of just how pronounced and protracted the industry downturn has been for even some of the more established hedge fund boutiques over the past two or three years, long/short European equity firm Ratio Asset Management offers a pretty good case in point.
Founded by former Gartmore European smaller companies head Jonathan Sharpe and ex-Cazenove partner and top-ranked small-caps broker Ralph Jainz in February 2006, Ratio has just celebrated its fifth anniversary and has just about done exactly what it set out to do five years ago – despite having lived through the most violent equity market cycle imaginable.
Its flagship Ratio European Fund – which focuses on small and mid-cap equities – has delivered solid and largely uncorrelated five-year performance during a wild period for European equities, and for smaller-company stocks in particular.
Last year it delivered a net return of 12.73% on...