Commitment pays off as new firm Hengistbury makes textbook start
Mon Oct 22, 2012
Ex-TCI manager Stuart Powers and his partners have made very sure-footed progress in an extremely testing climate with their value-driven and Europe-centric global long/short equity fund
Few new European hedge funds have made more impressive headway
in the very challenging market and business environment of the
past few years than Hengistbury Investment Partners, the
long/short equity firm led by former TCI partner Stuart Powers.
Since launching its Hengistbury Master Fund - a value-driven
fundamental long/short global equity strategy that is
predominantly focused on Europe - in January this year, the
fund is up by 16.5% net to the end of September, in a year when
many other long/short equity funds have struggled to keep pace
with equity indices that are showing strong gains for the
The fund's sure-footed progress - at a time of generally
lacklustre performance in the industry - and the firm's strong
pedigree have certainly caught the eye of investors.
Assets have grown to around $300 million over the past few
months in a tough asset-raising climate and the...
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