Rising equity piles on the pain for the bears

Thu Jan 1, 2004



An October surge in U.S. equity markets ensured a miserable month for short-sellers who found few places to hide. Dedicated short-biased funds, on the whole, lost more than 7% in October, leaving many with a cumulative performance of -25% or worse for the year. October's short-selling carnage was largely the result of previously beat-up names going ballistic, running well ahead of indices that jumped by...

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