Pensato Europa Absolute Return Fund Up 4.73% In Q1; Continues To See Opportunity

The Pensato Europa Absolute Return Fund returned +4.73% over the first quarter of 2015, and -1.36% in March, as a favorable market environment, coupled with reduced stock price correlation continued to reward the fund, according to a letter to investor reviewed by ValueWalk. Pensato investment review Like most European equity funds, Pensato has been affected by the ECB’s decision to embark on a program of quantitative easing of greater scale and longevity than expected by most market participants. Pensato notes that the resulting weakness in the Euro against other currencies will have a positive impact on the earnings of many…