American Century Launches Long/Short Fund

Feb 3 2006 | 1:00am ET

American Century Investments has launched a mutual fund that will employ hedge fund strategies. The new absolute return fund will use a market neutral strategy and go long and short, said John Schniedwind, chief investment officer for American Century’s quantitative equity group.

“The equity markets are challenging, to say the least, and we believe by removing the long-only bias in stock selection, our mutual-fund firm can provide investors with transparency and daily liquidity, and, at the same time, offer new processes designed to benefit from volatile capital markets,” Schniedwind said.

The long-short equity fund is being managed out of the firm’s Northern California offices and is available only through financial intermediaries and will not be offered to retail customers.

“This fund may be an attractive diversification option for investors who are looking for a market neutral strategy to complement their existing holdings,” said Kurt Borgwardt, a senior portfolio manager for the fund. 


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of