Is long-short equity broken?


By Nick Evans

This year has been exceptionally turbulent and uncertain, clearly not a vintage year for long-short equity — especially not in Europe.

For several individual hedge funds it has been borderline disastrous — with some down as much as, or even more than, the markets themselves after a thoroughly rotten third quarter. For a notable few it has provided the chance to shine in the toughest of circumstances, and those who prospered through the chaotic markets of July, August and September should be amply rewarded by investor inflows.

But for the