Misery Continues In European Hedge Fund Sector

The Gordon House Optimal Fund was up 0.5 per cent in November, but is still down 8.98 per cent on the year, and below the 3.9 per cent rally managed by the Dow Jones Pan Europe Stoxx Index last month.

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The Gordon House Optimal Fund was up 0.5 per cent in November, but is still down 8.98 per cent on the year, and below the 3.9 per cent rally managed by the Dow Jones Pan-Europe Stoxx Index last month. After dropping 15.6 per cent in 2001 as well, the performance of the fund is a reminder of the difficulties facing the hedge fund sector as a whole. Over 40 funds have closed down in Europe during 2002.

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