Permal tech fund's tactics see 16.2% gain

Tue Jul 1, 2003

Like a quarterback looking to make a winning pass into the end zone, the portfolio team behind the Permal Media & Technology Fund went long and deep in May. Seeing no reason to hedge against stock-specific or possible macro events, the fund's investment manager, Essex Investment Management, lightened up on the shorts. And by the end of May, it was clear the tactical bet had paid off...

ISSN: 2151-1845 / CDC10004H

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