Decent December rounds off volatile equity year


December generated strong returns for many equity funds as European equities staged a big rally, to round off on a strong note a volatile year which saw mixed returns from Europe’s long/short players.

Greater Europe Fund saw a 17.1% December gain take 2010 returns to 47.41%, Sandbourne was up 12.15% on the month putting the year’s numbers at 31.56%, Lucerne Capital Fund gained 9.91% to leave 2010 numbers at 24.7%, and Henderson UK’s 10.05% monthly gain left YTD figures at 35.91% while stable-mate Henderson European Absolute Return gained 8.1% on the month, taking the year’s returns to 41.63%.