Late rally helps managers reverse losses

Fri Jul 1, 2005



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 year-to-date...

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