Chart of the month: PilotRock


With its onshore equity fund up 6.36% for the year, $550 million PilotRock Investment Partners is doing well this year. Primarily long-biased, the fund's strong performance is a product of its diversified portfolio - with positions in utilities, steel, consumer healthcare and a wireless service provider leading the way.

Formed in February 2002 and managed by Thomas O'Malley Jr., PilotRock has produced a net annualized return of 15.94%. The fund successfully navigated a difficult market in its first year and has since produced stellar performance. With the Absolute Return U.S. Equity Index gaining 0.51% in February, the fund