Funds of Hedge Funds Performance

Key Europe overcomes rocky start


Key Europe's rocky start to the year has been erased by a stellar April that saw the fund return 3.84%. This takes the year to date returns to 1.08%.

The biggest contributions came from the long biased managers, with Lansdowne UK Strategic Fund up 14.9%; Firebird Avrora up 13.3% and AKO Capital up 12.6%. The portfolio was not without its detractors, which in April included poor performance from Cantillon Europe that lost money on its short book.

Key Asset Management added two new managers to the portfolio in April: one focusing on active trading strategies and the other