Volatile markets and a net long bias have meant European long/short funds have had a difficult few months. However, sector bets in some areas have paid off and there remain significant opportunities.
The European market has been truly risky and hedge funds have suffered as a result of market sensitivity, according to Michael Nicol, co-manager of the SVM Highlander fund.
Risk and opportunities have both arisen from sharp movements in the markets, he says.
'Fundamentals of companies drive our inve
The week on Risk.net, December 9–15 2017Receive this by email