February was another tough month for long/short equity
funds, but they seemed better prepared for market volatility
than in the previous month. As a group, equity funds made back
some of their January losses - and far outperformed the broader
equity markets. But they are still in the red for the year.
According to the Absolute Return U.S. Equity Index, U.S.
long/short equity funds gained 0.42% in February for a loss of
1.97% for the year. By comparison, the S&P...