A new generation of European long/short equity managers is in a sweet spot. These managers, armed with strong performance figures, assets of at least $200 million and, generally, a track record of less than five years, are benefiting from a resurgence in appetite for Europe and for equity strategies.

As most of the older, household names among the European long/short community have stopped accepting new money and become more global in their approach, investors are looking further afield to the next generation.