FYI: Long/short equity is perhaps the quintessential “alternative” strategy. It was the investment approach of Alfred Jones, who in 1949 inadvertently created the modern hedge fund industry with his private, long/short equity fund. Long/short equity strategies buy and short-sell stocks, and thus they range from being partially hedged (with a “long” bias) to being short-biased, with market-neutral (equal long and short position sizes) in the middle. A new whitepaper by Neuberger Berman’s Juliana Hadas and Andrea Pompili makes the case for long-biased long/short equity strategies, which is the most common of the three varieties.
Hadas and Pompili cite four reasons to consider allocating to long/short equity strategies
Regards,
Ted
http://dailyalts.com/neuberger-berman-makes-case-longshort-equity/M* Long/Short Equity Fund Returns:
http://news.morningstar.com/fund-category-returns/longshort-equity/$FOCA$LO.aspx
