September’s long/short losses complete Q3 rout


In another horrendously tough month for European long/short equity funds, a number of well known names took further blows – leaving several deep under water over the year to date.

Losses of 5% and upwards were widespread and the vast majority were down on the month again after the August rout, although a select few managed to buck the trend.

Cazenove Leveraged UK Absolute Return was up 7.67%, taking year-to-date figures to 18.36%, while a 5.18% September return took TT Mid-Cap Europe’s YTD to 0.92%. Zebedee Focus Fund was up 3.26% for the month putting YTD figures at