Strategy focus: Global equities step up on rally

Fri Jun 26, 2009




Global long/short equity funds had a stellar month in May as stock markets rallied around the world, particularly in emerging markets. Financials turned in particularly strong results as the Federal Reserve Board's stress tests for big banks reassured some investors.

The Absolute Return Global Equity Index gained 4.00% in May, its best month since May 2003, for a return of 8.09% on the year so...

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