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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

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

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of