Gartmore's AlphaGen Capella European long/short hedge fund lost investors money in June, its first n...
Gartmore's AlphaGen Capella European long/short hedge fund lost investors money in June, its first negative return since 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 the fund recorded a flat June, returning 0%, while dollar investors lost 0.1%. The fund bounced back to produce 0.4% in July and 0.5% this month to 13 August. Roger Guy, manager of the fund, was philosophical about the month's negative turn. 'Over the past co...
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