MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 8, 2009 Wasatch Makes the Pitch for Long/Short Mutual Funds Wasatch Advisors has recently released a white paper on long/short mutual funds. Touting the benefits of long/short offerings, the paper comes months after Wasatch's December acquisition of three 1st Source Monogram funds, including the Long/Short Fund. The fund, which was subsequently rebranded the Wasatch-1st Source Long/Short Fund, currently has $163 million of AUM. The release of the white paper marks the first substantial promotion of the fund. "We weren't familiar with long/short funds either, until we started looking at buying 1st Source," said Eric Huefner, director of mutual funds and brand management at Wasatch, in an interview with The MFWire. "It's a misunderstood class and there are probably a lot of people who could benefit from this information as well, especially with the volatility in the market. A lot of people are nervous still, and they would love to have something that would help on the downside as well as capture a lot of the upside," he added. The white paper provides an overview of the different types of long/short funds and the investment strategies and risks surrounding each. Wasatch completed its acquisition of the three 1st Source Monogram funds on December 15. Printed from: MFWire.com/story.asp?s=22535 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |