Technology: Buoyed by strong rally


A strong rally in technology stocks boosted the Absolute Return Technology Index to a leading position. Year to date through March, the index has gained 6.95%, putting it ahead even of Global Equity, which is up 6.30% for the year. The index's 2.61% monthly climb moved in lockstep with the Nasdaq Composite Index, which rose 2.56%, suggesting a predominance of long equity positions. Galleon Management's tech-focused funds did well, with Galleon Communication Offshore climbing 2.48%, Galleon Explorers Offshore rising 3.07% and Galleon Technology offshore earning 2.57%. Near the high end, Rajiv Chaudhri's Digital Century Aggressive Growth Offshore netted