Long/shorts continue to struggle in a tough year


A difficult June rounded off a very tough first half of the year for many of Europe’s long/shorts. Some have managed to perform relatively well, however. Varus Fund is up 15.84% over six months following a 1.11% June, while Giano Capital’s monthly return of 5.74% took first-half numbers to 13.49%.

Among the few others with double-digit gains so far are Cazenove’s Leveraged UK Equity and UK Dynamic funds (at 13.89% and 13.13%

respectively), Gladstone Lasker (12.50%) and Rhine Alpha Stars (10.96%).

Ennismore European Smaller Companies Hedge has YTD numbers of 8.41% following

a 0.56% month, while Northwood Capital