CAI DIVERSIFIED LONG / SHORT EQUITY FUND
History of The Long / Short Strategy
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The earliest known practitioner of the long / short equity strategy was Alfred Winslow Jones, who established the first hedge fund on January 1st 1949¹. The main concept behind a long / short equity strategy is why bet on stocks to only go up, if we can avail ourselves to the opportunity on both sides of the market and hedge in the case of widely undulating environments? |
About the Fund
CAI Diversified Long / Short Equity Fund (the “Fund”) seeks superior risk-adjusted absolute returns via a diversified long / short portfolio of historically liquid equity securities.
- The Fund’s long / short equity strategy seeks to act as a hedge against a market environment that potentially could undulate with wide swings, up and down, for a long period of time (e.g. see Japan and the Nikkei 225 for the past two decades).
- The Fund’s long / short equity strategy was designed to minimize exposure to the market and generate positive returns in rising, falling, and trendless markets.
- The Fund’s long / short equity strategy was developed and traded under complex real world circumstances and was highly profitable under some of the most difficult market environments of the past 50 years (e.g. 2007 – 2009).
¹ Mayer, Martin. New Breed on Wall Street, 1969.
