Funds of Hedge Funds Performance

UK-listed Dexion sees 11% hike in euro terms


The anomalies of the UK-listed funds sector are highlighted this month by the fact that Dexion Absolute was up 11.43% in euro terms, bringing three-month numbers to -4.16%, and up 5.82% in US$, putting three-month dollar numbers at 1.08%. The fund is sub-advised by Harris whose Aurora flagship was up 1.39% on the month.

Within the Dexion Absolute portfolio the main gains came from a long/short equity manager, who profited on both sides of the book despite maintaining relatively little directional exposure to equities. Short holdings in large European banks and US insurance companies and long exposure to US