A pair of long/short equity funds focused on German-speaking countries outperformed in 2013.
Both Entrepreneur Partners funds returned double-digits last year, with the Trias L/S Fund generating 33.7% and the Tavau Swiss Fund returning 26.0%.
The Trias fund, which invests in companies listed in Germany, Austria, and Switzerland, is now up 43.7% since its inception19 months ago, with assets under management approaching US$40 million. Said fund manager Kilian Kentrup on the strategy which has delivered 25.6% on average per year since 2009:
“My positive stance on the equity market was confirmed, and I was able to seize the opportunity. I remain positive, but stock-picking will become more important going forward.”
Kentrup, who pointed to Aareal Bank, Drillisch, Leonteq, Manz, Palfinger, SAF Holland and Voestalpine as some of his best performers last year, said in a statement that his focus on German-speaking countries in Europe allows him to better understand management and provides plenty of opportunities to take advantage of the EU recovery and global growth.
The Swiss-focused Tavau Swiss Fund, which disappointed in 2011 and 2012, got back on track last year after Rudolf Koenig, a broker veteran with over 25 years of experience in Swiss equities, took over as portfolio manager. Koenig, who outperformed the Swiss Performance Index by almost 1.5% despite keeping his net exposure between 55%-70% over the year, said in a statement:
“I had a good run picking the right stocks, moving some of the fund’s assets into mid and small caps at the right time.”
The fund manager counts U-Blox, Basilea, Leonteq, and Autoneum among his best performers.