Long/shorts reap gains in strong equity markets


A strong month for equity markets in Europe saw a number of funds reaping the benefits. The volatile Gentle Persuader Fund posted a 26.83% March result, taking first quarter numbers to 13.26% and the annualised return to over 300%.

Stuart Mitchell's Charlemagne Fund was up 8.21%, Focus Opportunistic Fund clocked up a 7.4% March to bring Q1 figures to 6.21% and Cresco Fund posted a 6.8% month, leaving three-month numbers at 8.93%.

RWC Pilgrim was up 6.79% on the month taking three-month figures to 5.61%, while Horseman European Select saw a 5.77% hike in March, leaving first-quarter returns at 5.64%.