Long/shorts cash in as equities sentiment lifts


August saw equity markets continuing to rally from their pre-summer lows, as encouraging signs from central banks buoyed investor sentiment. Many of Europe’s long/short funds posted gains, although a few were down.

Tosca Mid-Cap was up 13.09% on the month to take three-month figures to 19.39%, while Henderson Gartmore UK Small Cap Best Ideas was up 5.2% to put three-month numbers at 13.38%.

It was a good month for Sandbourne, which gained 8.24% to put three-month returns at 6.73%, while PilotView Capital’s 8.79% return in August put it back in the black over the past three months.