Reading the signs

Timely sell-offs in technology stocks in 2000, and the subsequent shorting of that sector since, have positively impacted on the performance of certain US equity funds. This month Hedge Funds Review spoke to Ohio-based Clarion Offshore Fund, a US long-short equity fund, run by Morton Cohen and Brian Chait, which was ranked ninth in the world out of 131 equity funds by Standard & Poor's.

The $60m fund is up 265.1% since its inception in 1996. In the past turbulent month, it is down 1.5%, but Chai