Cazenova Capital Management is a UK investment business with close to $20 billion under management. Its hedge fund, European Equity Absolute Return Fund has some interesting equity ideas in a recent letter. The fund finished flat after May, a month in which Greek elections, along with a Spanish banking crisis precipitated a fall in a wide range of European assets. The fund’s long value fell by 4.3% while shorts in the fund were up 4.4%. The slight loss is due to exposure to oil companies, including SBM Offshore N.V. (AMS:SBMO) and Repsol SA (PINK:REPYY). and from some smaller Swiss companies,…
Cazenova’s European Equity Hedge Fund Shorting German Auto Stocks
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.