Chart of the month: Arrow Capital shoots upward


In a difficult year for stocks, Arrow Capital Management's $300 million Arrow Partners has far outperformed its equity long/short peers to return 8.14% year to date. By contrast, the Absolute Return Global Equity Index has yet to reach positive territory, with a year-to-date loss of 2.07%.

Arrow Partners struggled at the start of the year, losing 4.6% in January and another 2.52% in February. In April, core long positions - and some opportunistic shorts - sent the fund up an impressive 10.95%. Since inception in July 2003, Arrow has earned an annualized return of 29.80%. It has never