Performance

Big gap between long/short winners and losers

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There was a wide separation between the winners and losers among Europe's long/short equity players in 2009. The median dollar return of 10.67% was considerably lower than the MSCI Europe's full-year figure of around 30%.

Among the winners in terms of return were several funds bouncing back from big losses in 2008 - such as Henderson European, up 110% on the year, and Tosca Mid Cap, with a total return for the year of 105.97%.

Lucerne Capital Fund was up 87.25%, thanks in part to a strong 8.44% December return, and LC Kvaal's Habrok Delta Fund Europe ended the