Cazenova’s European Equity Hedge Fund Shorting German Auto StocksVW Staff
Cazenova Capital Management is a UK investment business with close to $20 billion under management. Its hedge fund, European Equity Absolute Return Fund has some interesting equity ideas in a recent letter.
The fund finished flat after May, a month in which Greek elections, along with a Spanish banking crisis precipitated a fall in a wide range of European assets. The fund's long value fell by 4.3% while shorts in the fund were up 4.4%.
The slight loss is due to exposure . . .
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