Exposure to telecommunications stocks helped Castlerock Partners, L.P. net 3.19% in May, putting it well ahead of the Absolute Return U.S. Equity Index, which gained 1.92%. Castlerock's flagship long/short equity fund is now reporting a year-to-date return of 10.48%, compared with the median's 6.83%.
Launched in June 1993, Castlerock currently manages $650 million, with a focus on mid- and large-cap U.S. stocks. Managing principals Paul Tanico and Ellen Adams, investment veterans with 26 and 30 years of experience, respectively, select securities based on fundamental, bottom-up research, investing with a 12- to 24-month investment horizon in mind. Since inception, the