Performance

Hurt by equities downdraft

by

Many long/short technology funds were caught in October's stock market slide. The Absolute Return Technology Index was off 1.39% that month, just slightly less than the Nasdaq Composite's 1.46% loss. Dan Benton's Andor Technology Small-Cap Fund (offshore) saw its October loss of some 4.4% wipe out more than half its year-to-date gains to total an estimated 4.13% for the year. Andor Technology (offshore) fared better, off 0.9% to total 5.92%. Raj Rajaratnam's Galleon Technology (offshore) lost 3.24% for a year-to-date total of 2.35%. Other losers include Digital Century Aggressive Growth, which dropped 5% to total 0.52%; and Intrepid