With a net return of 2.77% in July, the Ardsley Partners Fund II continues its outstanding track record in 2003 with year-to-date returns reaching 39.52%. This represents significant outperformance over its benchmark index, the Russell Midcap Growth, which has gained a healthy, but more modest, 22.98% during this period. Since the U.S. long/short equity fund with $250 million in assets was founded in 1987 by the firm's managing partner, Philip...