After 25% in 2013, Three Bridges Says Europe Better Value than US

Three Bridges Capital’s Europe Fund, after reporting +25.9% returns in 2013, the fund’s best performance since its founding in 2006, is even more enthusiastic about investing in Europe in 2014. Looking back on 2013, the fund’s long / short strategy was able to pick apart different sectors of the European stock market.  “Sector performance across Europe varied considerably as the Travel & Leisure, Financial Services, Insurance and Media sectors produced positive returns, while declines came across a number of industries including Retailers, Real Estate, Utilities and Household Products,” the fund said in an investor letter reviewed by ValueWalk.  “In contrast,…