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Alternative Market Briefing

Belgium systematic L/S equity hedge fund Notger returns 3.4% in October

Thursday, November 06, 2008

From the Opalesque team: Notger Fund, a systematic trend following long/short equity hedge fund recorded a profit of 3.4% in October and 0.3% YTD, whereas the S&P 500 finished the month down close to 17% (it was down more than 27% at one point).

The HFRX Equity Hedge Index was down 9.99% in October (-22.17% YTD est.). The Credit Suisse/Tremont long/short equity index was down 13.28% YTD (to Sept) and the Greenwich Long/Short Equity Group index was down 12.8% YTD.

Albert Collette, director at Notger Capital Ltd, sent Opalesque the latest monthly report which said that, to weather the storm, Notger’s firs......................

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