Henderson European Absolute Return

Henderson's $80m (€53m) equities hedge fund made 114.3% by the end of September, investors said. Manager Stephen Peak had to make 66% to recover from losses last year, but his fund is 26% above its June 2007 level. Peak said the second half of 2008 was the nadir of 34 years in finance: "I got a number of things totally wrong, it was a tough time. Things have distinctly improved this year." The fund made 12% in August, as Peak bought stocks at depressed prices and partook in equity placings.