Long/shorts ride September’s surge in equities


September’s sharp surge in equity markets provided a favourable tailwind, with a number of funds posting hefty gains. But returns over the third quarter are very mixed.

Sandbourne Fund ended the quarter up 33.51% after a 17.35% September gain while Henderson UK is up 16.67% over three months on the back of an 8.98% monthly return. Artemis UK gained 5.24% for the month to put three-month numbers at 16.54% and Horseman European’s 10.43% month left third-quarter returns at 14.44%.

Julian Barnett’s new Ridley Park Paragon saw a 6.47% September taking three-month numbers to 13.4% - and is now