Alternative mandates have survived best in volatile European markets

Offshore European equity funds that performed well over the past five years had flexible investment strategies that could use hedging and could resort to cash when necessary. The Odey European Inc portfolio achieved good performance over a five-year period coming in at number three. Hugh Hendry, fund manager of the Odey European Inc portfolio at Odey Asset Management, says: "The fund is very different from its peers as it is a hedge fund. The portfolio is not limited to any single style and will go into cash if it does not see any good opportunities in the market." However, the portfol...