A late-month rally in stocks boosted the S&P 500 up to a
3% finish for the month of May, which gave a boost to many
long/short equity funds and reversed earlier losses in the
month for many managers.
Dave Fiszel's Rhombus Capital had a strong May, posting a
5.75% gain. Brett Barakett's Tremblant Partners LP also had a
big month, notching a 7.50% gain to bring its