Equities: September rally lifts long/short funds

Tue Oct 30, 2007



Boosted by the Federal Reserve's 50 basis-point rate cut in September, the global equity markets rebounded from their mid-August lows, enabling long/short equity funds to produce solid returns for the month - albeit lower than that of the broader market.

The Absolute Return U.S. Equity Index gained 2.21% in September to put it up 8.69% for the year. By comparison, the S&P 500 finished the...

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