Long/shorts prosper in trickier equity markets


October saw equity markets in more subdued mood after their strong run-up through the summer and early autumn. While returns from Europe’s long/short managers were more mixed than in previous months, several posted strong results.

Tosca Mid Cap continued with its strong recent run of form, a 7.26% October taking three-month numbers to 22.37%, while Crispin Odey’s Odey European was up 3.2% on the month to put three-month figures at 12.64% and Brown Vanneck Europe gained 3.46% to take three-month numbers to 4.14%.

Horseman European Select was up 2.8% to put three-month returns at 4.21%, and Pepin was