The fund aims to deliver a positive return over a rolling 12-month perid. It does this by adopting an equity long-short strategy. It is an investment style that involves taking long positions in stocks that are expected to increase in value and short positions in stocks that are expected to decrease in value.
Taking a long position in a stock simply means buying it: If the stock increases in value, you will make money. On the other hand, taking a short position in a stock means borrowing a stock you don’t own (usually from your broker), selling it, then hoping it declines in value, at which time you can buy it back at a lower price than you paid for it and return the borrowed shares….read more