Equity funds have been among the leaders of hedge funds
posting poor returns throughout the year, with July continuing
the trend of flat-to-negative returns. Since most equity funds
have a long bias, the S&P 500's flat-to-slightly negative
returns of recent months, including a negative 0.31% showing in
July, have taken their toll on many managers, as has a lack of
Uncertainty with respect to the war in Iraq, threats...