Flat end to strong Q1 as equity markets weaken


March saw the equity “laggards’ rally” of the first two months petering out – with stock selection coming to the fore as markets flatlined.

Looking at European long/short equity performance for the first quarter, though, it is notable that many of those who were badly down last year have made up ground in 2012.

Ridley Park Paragon posted a 6.41% gain in March, taking three-month numbers to 15.05%, and Tosca Mid Cap was up 3.94% on the month to leave Q1 figures at 27.84%.

Horseman European Select posted a 3.2% gain to take first-quarter numbers to 16.13% and