This Long/ Short Equity Fund Won with Stock Picking in Q1

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Michelle deBoer-Jones
Published on
Stock Picking Tiger Global

The WS Lancaster Absolute Return Fund gained 2.9% for March, bringing its first-quarter return to 1.4%. Since its inception, the fund has enjoyed a compound annual growth rate of 11.1%. A “steady” quarter for Lancaster In their first-quarter letter to investors, which was obtained by Hedge Fund Alpha, James Hanbury and Jamie Grimston described the quarter as a “steady” one for the fund. They’ve decided not to take on much market risk right now, instead relying on their stock picking to drive returns via a “relatively balanced” long and short book. In the past, most of Lancaster’s returns have come…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.