Former intrinsic long bias has been changed to market neutral
Reyl Asset Management has made a strong start to 2010 with its only single-manager hedge fund, after a two-year drawdown. The European long/short equity Reyl Absolute Return Fund has returned 8.6% this year, falling just 60bps in May's convulsive market conditions, compared with a return of -1.5% this year for the EuroHedge European Equity Index.
Thomas de Saint-Seine, Maxime Botti and Emmanuel Hauptmann
This period of outperformance follows a loss of 28.27% in 2008, when European equity hedge funds were down 9.33% on average, and another slight