Gator Financial Partners, which has enjoyed strong gains from its long positions in Fannie Mae preferred shares, was up 3.85% for the second quarter. The fund underperformed the S&P Total Return Index's 4.3% gain and the S&P 1500 Financials Index's 7.84% gain for the quarter, but it continues to hold a commanding lead over both benchmarks on a year-to-date basis. Gator was up 24.39% for the first six months of the year, compared to the S&P 500 Total Return Index's 18.54% gain and the S&P 1500 Financial Index's 17.18% gain.
