Performance

Majority of long/shorts catch March equity rally

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The sharp rally in March led to an unusually wide dispersion in returns among European managers.

Henderson UK Equity was up 10.87% to bring first-quarter returns to 19.48%, with Henderson European also up by 7.38%, and Marshall Wace Tops Fundamental was up 6.14% to put three-month returns at 5.59%.

Odey European was up 5.27%, putting YTD numbers at -2.45% and Lansdowne UK gained 4.79% to bring three-month figures to 2.06%. Leonardo Capital was up 8.55%, leaving three-month numbers at 16.77% and SW Mitchell Small Cap saw a 4.14% return take its three-month gain to 8.93%.

Mark Bradshaw's Victory was up 5.8%