The performance scorecard for May shows a comeback month for Andor Capital Management's technology portfolio, which clearly benefited from a Nasdaq index that jumped 8.0%.
The roughly $800 million Andor Technology Offshore Fund did even better than the Nasdaq benchmark. The long/short tech strategy returned
a solid 8.4% in May, pushing the fund back into positive territory for the year with a 2.7% gain. That puts the Andor fund ahead of the Nasdaq for the year, as the equity benchmark remained off by 4.6% through May.
Earlier in the quarter, much of the Andor fund's returns had been on