The WS Ardtur Continental European Fund returned 5% for the fourth quarter, bringing its 2023 return to 18%. For comparison, the MSCI Europe ex-U.K. Index rose 7.6% in the fourth quarter. The Continental European Fund has enjoyed a 12% compound annual return since its inception. The WS Ardtur Continental European Fund is a long-only UCITS (undertaking for collective investment in transferable securities) fund, a type of mutual fund specific to the European Union. The fund holds stocks in all capitalization categories spanning continental Europe. Q4 overview In his December letter to investors, portfolio manager Oliver Kelton noted that the European…
Deutsche Bank, Ericsson, Inditex, and Ryanair Drove this Odey Cub’s Q4 Performance
Michelle deBoer-Jones
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.
