Long/shorts make up lost ground as equities rally

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The market rebound in October provided a welcome opportunity for many long/short equity managers who were previously down to make up lost ground.

Horseman European Select, Henderson UK, Sandbourne, SW Mitchell European and the Odey funds – all of which had fallen in September – were among those that clocked up substantial gains. Odey European was up 10.61%, taking YTD numbers to -13.85%, while Henderson UK was up 13.27% to put 2011 numbers at -30.76% and Charlemagne saw a 9.09% rise – putting YTD figures at -17.01%.

Horseman European Select was up 13.42%, taking YTD returns to -6.48%,