Resolution Cartesian UK Equity Long Short Fund (GBP) - July 2008

Management company: Cartesian Capital Partners
Fund Managers: Andrew Kelly, David Stevenson, Jeremy Hall
Annualised return since inception: just over 19%
Launch: April 16, 2006
AUM: $410 million

Also, we favour businesses undergoing change or value release which the market has been slow to understand. Short positions typically show evidence of financial distress, or strain on the business model.

This may be reflected through short term earnings or cash flow pressure, or longer term financial ins