Fund of fund managers seek risk takers for healthier returns

European markets have faltered on macro-views and oil price news, with some hedge managers seeking better fortunes among the new EU entrants

Europe repeated its June falls in August on macro-economic worries and oil price rises, with low trading volumes making life hard for Continental long/short managers.

Karim Leguel, chief investment officer at Rasini & C's Euro Select Ltd portfolio of European long/short funds, says Euro Select has generated performance from the underlying directional managers among the portfolio's 25 and has sought out strong stock pickers.

Its holdings include the more aggressively positioned Henderson Europe

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