How will European equity funds make money?


GAM portfolio manager Anthony Lawler suggests ways to profit during the enduring crisis.

  Anthony Lawler
By Anthony Lawler

For European equity long/short hedge funds it has been a challenging year, with those funds up 4.8% through the end of October even as the MSCI Europe index returned 12.8% (both returns in U.S. dollar terms). In Europe the risks of structural core versus periphery imbalance, policy actions, political rhetoric and fragile sentiment continue to prompt violent swings in expectations and equity prices. This has proved a challenging backdrop, but