Europe, often viewed as a region with low economic growth, is seen as a regional strategy where hedge funds find it more difficult to seek the alpha they desire. However, there are funds that believe the region has sufficient market movement to give the activity needed to generate this alpha.
RWC Partners runs two European long/short funds. Samsara fund was launched in September 2007 and has assets under management (AUM) of around $1 billion. Another, Pilgrim fund, was launched eight years ago an