The best performing fund in the European equity sector was the institutional share class of Odey’s UK Absolute Return Fund – which returned 3.17% for the week ending 3 December 2010.
The fund has performed positively in the past four weeks. However, in the week ending 29 October 2010 the fund was down 0.81%.
The worst performing fund for the period in the European equity sector was Cazenove’s UK Absolute Target Fund P1 Class, which was down 1.5%. The fund achieved one of the best weekly returns in the European equity sector by returning 1.3% in the week ending 22 October 2010 – but has not produced a positive weekly return since then.
For the 114 UCITS hedge funds that are currently in the European equity sector, the median performance