More pain at Andor


Despite a surge in equities that pushed the Nasdaq up by 6.9% and S&P Total Returns Index ahead by 1.7% for the month, July proved surprisingly tough for long/short managers, many of whom made marginal gains at best.

This seemed especially true at large shops like Andor, which saw Class-A shares in its Andor Diversified Growth Fund lose nearly 4.1%, leaving the strategy down a steep 15.6% for the year.

The story was better for Class-A shares in the Andor Technology fund, which apparently was able to hold on to more ground but still ended down 1.3% at the