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Gartmore's AlphaGen experiences first loss

Gartmore's AlphaGen Capella European long/short hedge fund lost investors money in June, its first drawdown since its launch in November 1999.

The slight fall brings to an end what is believed to be a record among European long/short managers of 19 straight months of positive returns.

For euro investors, the record will show that the fund recorded a flat June, returning 0.0%, while dollar investors

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