Deep-value style pays for Cambrian in April


Alex Roepers' long/short Cambrian strategy at New York-based Atlantic Investment Management gained a hefty 7.8% in April, leaving the fund up 5.9% on the year for its Class-A shares. But with the surge in equities that swept markets in April, being hedged on the short side was apparently laden with challenges, as highlighted by the fact the long-only version of Cambrian climbed by a loftier 11% during the same month. Still, performance estimates show Cambrian's bottom-up deep-value approach continued to work in May and early June, as the fund posted additional gains.

Since mid-February, Roepers has taken the