Odey UK is best European equity UCITS performer for the week


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