Independence Investments Launches 130/30 Strategies

Jul 20 2007 | 10:53am ET

Boston-based Independence Investments has launched a pair of 130/30 strategies for the institutional market.
The new strategies, dubbed the Long/Short 130/30 U.S. Mid-Capitalization Core and Long/Short 130/30 U.S. Large Capitalization Value, have already attracted an unnamed Los Angeles-based investor, according to the firm. Independence also manages a 130/30 U.S. large cap core portfolio, which launched last September, for the same L.A. firm.

Independence’s strategies maintain 100% net market exposure and generally include 125 to 175 long positions and 40 to 80 short positions, with holdings diversified by sector and industry, and active risk concentrated in stock selection, according to the firm.

“Our long/short 130/30 approaches are enhanced versions of our existing strategies and by eliminating long-only constraints we are able to make better use of all the information in our proprietary valuation models,” said Mark Lapman, the firm’s CEO.

Independence Investments was founded in 1982 and currently manages approximately $7 billion in active U.S. equity strategies.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…