09.03.2010 Opalesque Exclusive: Ex-AbCap managers' new European L/S fund returns 3.45% in January, expect further growth in Germany
Benedicte Gravrand, Opalesque London:

The Varus Fund, a long/short European equity fund with a focus on Germany, returned 3.45% (€ class) in January, after returning 2.22% in 2009 since its September-09 inception. The USD class returned 4.70% in January. The main contributors were the diversification of the managers' stock picking ideas. The average net exposure also increased to

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