ValueWalk – The principle mover of the last quarter’s economic environment was the monetary policy announced by the central banks of US and Europe. Both entities created a transient environment in which equities rallied and the stock market experienced a good turn, while currencies depreciated. Hedge funds with significant exposure in US and Western European equities performed well in some holdings and lost in others.
Basswood Opportunity Fund, is an equity L/S fund of Basswood Capital Management. The total firm assets are close to $1 billion. In the September quarter the fund was up by 2.35 percent, while the YTD returns are +3.55 percent.
