August proved to be one of the worst months in recent memory for Europe’s long/short funds. While the overall median return of -2.4% was not too bad in a month when the MSCI Europe was down over 10%, there were many poor individual performances.
A few managed to buck the downward trend: Pepin fund was up 4.7% to take year-to-date numbers to 1.07% and Liontrust European gained 3.71%, putting YTD figures at 2.52%.
Meditor European was up 2.38%, taking year-to-date numbers to -0.73%, while Melchior European was up 2.63% to put 2011 returns at 8.23%. Ignis Cartesian UK