2022 was undoubtedly a challenging year, marked by many problems. The main one was, without a doubt, the war in Ukraine. For this reason, it was particularly satisfying that #HIEuropeanMarketNeutralFund closed the year with a positive performance, a result of strategies mostly focused on the UK market. This, in a nutshell, is the monthly analysis of Paul Marriage. In December, in particular, financial and insurance stocks performed very well, while the technology sector proved to be weaker.