Hedgeco News - London-based hedge fund manager, Silverstone Capital's flagship hedge fund delivered a gross return of +4.92% for the month of may taking YTD gross performance to +5.31%, whilst the Monza Fund posted a gross return of +6.77% in May. Monza has year-to-date delivered a positive gross return of +10.65%.
Silverstone runs equity long/short hedge funds that specialize in investments in the global automotive industry and related fields.
“We are pleased with the May result but we continue to look forwards." Saul Rubin, Founding Partner at Silverstone said, "Our intention continues to be to deliver good returns over the long run irrespective of the overall market conditions.”
Silverstone was founded in May 2004, and today manages investments in equity and equity linked products. The firm currently manages the Silverstone Fund and the Monza Fund. The flagship Silverstone Fund opened to outside investors in July 2004. Silverstone has throughout Q2 of 2010 continued to see strong international investor demand for its funds products, and the strong May numbers further reaffirms the unique advantages of the investment philosophy in the Silverstone Fund and the Monza Fund.