US markets boost lacklustre global equity long/short universe


Equity markets appeared largely benign during the month, although boosted by the US equity markets –the S&P 500 was up 3.2% – but equity managers generally faced difficult conditions with choppy sector and country rotation. The InvestHedge Global Equity median rose by 0.78% to take year to date returns to 0.14%.

FMG Special Opportunity Fund was up 4.34% to take year to date figures to 14.67%, while Entrust Diversified was up 3.04% to put year to date numbers at 6%.

3A Long/Short fund had a good month, rising by 2.19% to take year to date numbers to 6.21%.