Equities: U.S. funds lag

Thu Mar 1, 2007



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 of 1.12%.

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%...

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