Hedge Funds

Long/short equity funds recover some ground in late June


After a blistering tumble left long/short equity funds nursing losses in the early weeks of June, many managers managed to get back on their feet by the end of the month. Not all strategies made it back into the black by the end of the year’s first half. But many did recover significant losses as the broad U.S. equity markets rose.

Mark Kingdon’s M. Kingdon offshore (Class A), which had slipped 1.96% for the month through June 16, managed to end the month flat. Year to date, the portfolio’s total has risen an estimated 3.12%.

James Pallotta’s Raptor Global