September was a tough month for long/short strategies. But it was even tougher for long/short strategies with a technology bent.
That certainly was the case for Andor Capital Management, which saw steepening losses in a number of portfolios for the month after its recent decision to move from net short to net long.
Class-A shares of the Andor Technology portfolio dipped about 4.6%, adding to year-to-date losses that weighed in at 17.3% at the end of the third quarter of 2003. Class-A shares of the Andor Technology Aggressive portfolio similarly slumped by 4.4% for the month, leaving the strategy off