Chart of the month: SenVest


The Senvest Partners U.S. long/short equity fund, managed by Richard Mashaal, returned 16.4% in July, which is in keeping with its extraordinary year-to-date return of 103.4%. With $31.6 million under assets, the fund focuses on small and mid-cap stocks with technology accounting for 50% of the portfolio. Throughout 2002 and early 2003, Senvest accumulated tech names which were trading at extremely low valuations. So far, 25 stocks in the portfolio are up over 100% this year. Mashaal partly attributes the fund's positive monthly returns to his foresight in buying Nasdaq-listed Israeli tech stocks which bounced