Performance

Bulls ride high as the equity market rally rolls on

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As European equity markets continued to rally in May, the hedge fund world's sceptics were left trailing behind those who were buoyed by the liquidity-fuelled upswing.

Matrix New Europe was up 17.64% in May to bring three-month returns to 57.2% while Lucerne Capital was up 16.09%, bringing three-month numbers to 53.04%.

Odey European put on another 8.59% for a three-month return of 46.04%, while Stephen Peak's Henderson European continued its impressive bounce-back with a 12.04% gain putting its return for the year at almost 50%.

Rupert Dyson's SR Global Europe gained 15.1% to bring three-month returns to 26.98%, while AlphaGen Volantis