Long/short equity funds made a decent start out of the gate
in January, but they lagged the broader equity markets as a
whole. The Absolute Return U.S. Equity Index gained 0.90% for
the month, while the Absolute Return Global Equity Index
climbed 1.01%. Both lagged the Absolute Return Composite return
Domestic long/short funds underperformed the broader stock
market, as the S&P 500 Index gained 1.41%, producing a net
total return of 1.48%...