Mermaid navigates stormy equity market
Fri Oct 21, 2011
Copenhagen-based fund is developing a reputation for making money in volatile and difficult periods
Copenhagen-based Mermaid Asset Management is one of the few
European long/short equity funds that appears to be navigating
the stormy market waters with success this year.
The Mermaid Nordic Hedge Fund - run by founders Thomas
Juul-Larsen and Ulrik Jonsen together with fellow ABN Amro
veteran Jonathan Copplestone, who is based in New York - is up
7.27% to the end of September after recording positive
performance over the turbulent last three months, when market
volatility saw many equity hedge funds come unstuck.
The strategy gained 2.16% in August, when many long/short
funds dived, and the fund has only registered one small monthly
loss so far this year - with a dip of just 0.53% in...
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