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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