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By the Opalesque Team: Equity long/short indices had negative returns in 2008 ranging from -12% to -22% for the year (Hennessee -18.34%; Greenwich -21.9%; BarclayHedge -11.88%; Credit Suisse/Tremont -19.76%).
European equity long short fared just as badly: the Eurekahedge European L/S equity returned -22.92% (the European hedge fund index -22.26%). And European equity indices did even worse: FTSE 100 went down by 31.33% and MSCI Europe Index -43.3%.
But here are a couple of hedge funds who rose well above the European equity crowd.
Fund Analytics` European equity hedge fund returned around 6% in 2008
According to information obtained by Opalesque, Fund Analytics` Conservative Fund finished the year 2008 up 6.07%.
The FA European Conservative Fund is an absolute return multi manager European equity hedge fund. The aim of the fund is to generate annual absolute returns of 10-12% with a low volatility of 4-6% and a low correlation to the European equity markets. According to the management, the return/volatility ratio is 1.68. In 2007, the fund returned 7.49%
The fund is managed by Amir Sajjadi. Prior to setting up Fund Analytics in Oct 2003, Amir worked at GLG Partners in London, where he was responsible for risk analysis of the European long/short fund (€1bln AUM) and the management of a €10m European long/short fund. Source
F&C`s systematic European long/short tra...................... To view our full article Click here
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