John Armitage's Gaia Egerton Equity fund aims to produce positive returns over a three-year period. In the latest monthly act sheet, the hedge fund reported a gain of 1.8% on an MTD basis, rising YTD gains to 7.2%. In comparison, comparative benchmarks had -3.0% and 1.2% YTD gains. During April, the fund outperformed the indices in both short and long positions.
Also see John Armitage Outlines Theses for These Stocks [In-Depth Exclusive]
The strongest contributors to positive performance were Hanwha Aerospace Co Ltd (KRX:012450) and Amphenol Corp (NYSE:APH), according to the fund's Q1 letter to investors. Both companies reported figures that were higher than expected, delivering strong earnings.
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