Hedge Funds

Rocker bests peers in April

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Rocker Partners, which had a tough 2003, has clearly rebounded in April, turning in a 9.3% gain. The firm posted a 35.6% loss in 2003, during a year in which the surging equity markets gave a boost to the stock prices of even fundamentally weak companies and short sellers suffered.

The short-selling Rocker had performed well in the previous three years, posting annualized gains of 6.64% in 2000, 4.15% in 2001, and 15% in 2002, while the S&P 500 racked up significant losses. But the firm also posted an annualized 31.7% gain in 1999, a year when the equity