Global equity players ride market bounce


More favourable underlying market conditions helped to buoy global equity managers.

Energy and resources funds were big beneficiaries, with RAB Energy notching a 13% gain in March and Guinness Energy adding 11.78%. RAB Global Mining and Resources also enjoyed a big month, gaining 10.22% in March for a YTD gain of 22.95% - a big reversal from the steep losses the fund posted last year.

Several funds posted gains of between 5-7%, including Parus (7.90%), Strategic Blue Star Resources (7.75%), Taube Offshore (6.91%), Abbey Global (6.32%) and Artefact Global Opportunities (5.49%).

Martin Hughes' Tosca fund netted a 3% gain in