Returns among European equity funds widely dispersed in late April

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The European equity sector saw the best and worst performing funds for the week ending 27 April 2012, according to the latest figures from the Absolute UCITS database.

The Prim' KappaVol fund, a European equity focussed fund is managed by Paris-based Médéric de Vasselot and Stéphane Youmbi,  was the top performing fund with a return of 3.14% during the period.

At the other end of the spectrum, the Liontrust European Absolute Alpha Fund reported a loss of 3.30%. The fund only began trading in February of this year, and was down 3% from its inception to end-March.

The median for