FYI: Long/short equity mutual funds and ETFs posted average returns of -1.23% in December, making it the third time in four months that the average fund in the category failed to post positive returns. This compares to a return of -1.58% for the S&P 500 Index and -5.02% for the Russell 2000 Index. The three top-performing long/short equity funds had monthly gains ranging from 1.74% to 2.01%, while the worst performers suffered losses of at least 5.65%.
Regards,
Ted
http://dailyalts.com/long-short-equity-funds-the-best-and-worst-of-december/
