Saturday, 2 July 2016
Last updated 3 hours ago
Aug 4 2011 | 12:34pm ET
At least one European hedge fund is facing down the continent's stock volatility. And Varus Capital Management's flagship hedge fund isn't just surviving, but thriving amidst the industry's summer swoon.
The €20 million Varus Fund, which was up almost 16% in the first half while the average hedge fund limped to essentially flat—or worse—returns, hasn't been fazed by August's stock selloff, either. The fund was up 1.2% during the month's first three days, three days that saw the continent's major stock indices plummet between 6% and 8%.
Varus is based in Zürich.