Bramshott Vows To Stay The Course, Sell On Strength

Bramshott’s Europe Fund, with $460 million in the fund strategy, delivered 2.71% to their investors February while European equities, as measured by the Stoxx 600, rose 4.81%, according to a letter to investors reviewed by ValueWalk. The hedge fund seeded by Louis Bacon of Moore Capital is having a good year compared to the broad equity indices, which are roughly flat for 2014.

After a volatile January, European stocks were positive in February as emerging markets and foreign exchange fears lessened.  With the central bank safety net in view, the letter noted that as the ECB promised action if necessary and soothing words from newly minted Fed chair Janet Yellen, outlining that tapering is not on a pre-set course...