Long short fund

[quote=aldo63] The highland wholesaler said they have a new one. has anyone used a long short fund before?[/quote]

Yes, but it’s always better to use a new one because they have no track record whatsoever.

All joking aside, there are only a few that are any good.  From my experience most of them have pretty bad track records.

Take a look at DIAMX.

[quote=joedabrkr]

[quote=aldo63] The highland wholesaler said they have a new one. has anyone used a long short fund before?[/quote]

Yes, but it’s always better to use a new one because they have no track record whatsoever.
[/quote]



This is what the closed end wholesalers say too.



If you want a stock market neutral fund, why not buy bonds instead?



Let’s face it, anyone who was good at long/short or other hedge fund
strategies would be earning 2/20 and not offering their services to
retail investors.

[quote=AllREIT]



Let’s face it, anyone who was good at long/short or other hedge fund
strategies would be earning 2/20 and not offering their services to
retail investors.

[/quote]

True dat homey!

I dont use any L/S funds, but one idea I have been using for the past 18 months is the Ivy Asset Strategy fund. Its a go-anywhere, flexible portfolio fund, and the risk -adjusted returns have been phenomenal. Basically, the CIO has the freedom to enter into any market opportunity with no handcuffs on portfolio weightings, etc.

WASAX and WASCX.

[quote=blarmston]

I dont use any L/S funds, but one idea I have been using for the past 18 months is the Ivy Asset Strategy fund. Its a go-anywhere, flexible portfolio fund, and the risk -adjusted returns have been phenomenal. Basically, the CIO has the freedom to enter into any market opportunity with no handcuffs on portfolio weightings, etc.

WASAX and WASCX.

[/quote]

Not too shabby. Maybe I'll take some free withdrawals from my annuities and do some gross with this fund.

[quote=blarmston]

I dont use any L/S funds, but one idea I have been using for the past 18 months is the Ivy Asset Strategy fund. Its a go-anywhere, flexible portfolio fund, and the risk -adjusted returns have been phenomenal. Basically, the CIO has the freedom to enter into any market opportunity with no handcuffs on portfolio weightings, etc.

WASAX and WASCX.

[quote=joedabrkr] I have used a little as well.  Good replacement
for another fund I used that has closed.  Only problem is the same
thing that allows the fund to “work”…the freedom to move to different
markets.  If the CIO drops the ball you suffer.
[/quote]



And what if the CIO has been lucky the whole time, and in reality lacks skill?



The only superstar manager I rely upon is myself.

[quote=AllREIT][quote=joedabrkr] I have used a little as well.  Good replacement
for another fund I used that has closed.  Only problem is the same
thing that allows the fund to “work”…the freedom to move to different
markets.  If the CIO drops the ball you suffer.
[/quote]



And what if the CIO has been lucky the whole time, and in reality lacks skill?



The only superstar manager I rely upon is myself.

[/quote]

That would be why I haven’t made any big commitments to the fund…

This fund has been consistently in the top quartile for nearly every timeperiod going back the past 10 years or so. Same guy running the money.

I am pretty confident this discipline can continue to make it happen.

Take a look @ MDLOX, 20 year history same manager.

"Not too shabby. Maybe I'll take some free withdrawals from my annuities and do some gross with this fund."

WOW. Those trades will really make the NAV move. Better alert your wholesaler so that when he checks the daily run and sees those huge tickets he doesnt choke on his morning Frappucino...

the highland long short fund is a clone of their private fund that managed their own money and has a great track record. The problem is, it cannot be disclosed to clients

[quote=blarmston]

"Not too shabby. Maybe I'll take some free withdrawals from my annuities and do some gross with this fund."

WOW. Those trades will really make the NAV move. Better alert your wholesaler so that when he checks the daily run and sees those huge tickets he doesnt choke on his morning Frappucino...

[/quote]

REally? You think a few million bucks will have a material impact? Have I called you stupid, yet?

Take a look @ MDLOX, 20 year history same manager."

Global Alloc. is a great fund as well. Cant go wrong with exposure there...

[quote=aldo63]

the highland long short fund is a clone of their private fund that managed their own money and has a great track record. The problem is, it cannot be disclosed to clients

I’ve used both of the above funds, and have also used the Evergreen Asset Allocation Fund (EAAFX)–no negative performance years, and have recently started using the Loomis Sayles Global Markets funds as well.  April is looking like a new personal best for Bobby H…

Calamos Market Neutral is also a decent fund. Good risk-adjusted returns and reduces overall correlation to equity markets by including even a small amount in the portfolio.

These types of go-anywhere, no- handcuff type funds are becoming much more desirable in this day and age in my opinion.