Performance

Liquidity-fuelled rally powers long/short returns

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The continued global equity rally in February provided a strong tailwind for several of the European long/short equity funds that were down last year, enabling many to claw back more of their earlier losses in the dramatically transformed market environment that has been seen so far this year.

Some of those worst-hit in 2011 saw strong rebounds: Henderson European Absolute Return gained 22.27% on the month to put three-month figures at 39.02%, Sandbourne was up 18.20% taking three-month numbers to 48.09%, Tosca Mid-Cap gained 8.32%, leaving three-month returns at 16.28% and Odey European gained 7.7% to put three-month