Long/short equity funds, both domestic and global, turned in
another lackluster month in September as they continue to lag
the broader markets.
Historically low volatility continued from August into
September and may have aided in the stagnation, but more
clearly at fault was the retreat from risk that a number of
managers have maintained following their early summer losses.
Net long exposure to the markets may pay off in the long run,
but long/short funds are missing the ride at...