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...