Most long/shorts fail to catch the June bounce


Markets rallied strongly in June – with the FTSE Europe TR index up over 5% – but disappointingly few of Europe’s long/shorts managed to capture the bounce.

Nevertheless many hedge funds are still sitting on reasonable gains over the year to date, despite the attrition of the last few months.

SW Mitchell European is up 8.67% year-to-date, thanks in large part to a 5.7% June gain, and a 3.19% month took Henderson UK to 26.61% YTD, while Tosca Mid Cap is up 16.11% for 2012 after a 1.9% month.

Some of the big funds