Long-Short Hedge Fund Now Available as Mutual Fund – Daily Deal!

New York’s Bull Path Capital Management has converted the domestic version of its hedge fund, the Bull Path Long Short Fund into a mutual fund, Investment News reports. The mutual fund will be available to retail investors this week.

The new Bull Path Long Short Fund (BPFCX) will offer everything that the hedge fund offered minus the higher fees, lack of transparency and lack of liquidity. The firm has been managing the strategy as a hedge fund for over six years and since its inception on Oct. 1, 2002, through June 10 has returned an average of 8.91% yearly; the average long-short mutual fund returned about 4.1%, according to Lipper Inc..  By converting their hedge fund to a mutual fund, Bull Path has given individual investors access to a sophisticated investment tool to help manage market risk with just $500.00 initial investment.

What is a Long-Short Fund?

The idea behind long-short funds is relatively simple:  to hedge the risk of the overall market Long-Short managers take two separate approaches to making investments, one long and one short. Long-short fund managers look for stocks that they believe will outperform other equity investments and then add those stocks to their portfolios (this is the Long part). Then, to eliminate general market risk, managers also look for stocks that they believe will under-perform other equities and then sell shares of those stocks short.  Investors get overall reduced risk with this approach, and can still participate in the upside potential of the long investment.

The Bull Path Long Short Fund is available in A and C Class shares with a $1,000 minimum investment or a $500 minimum with participation in the automatic investment plan. The I share requires a minimum of $100,000 or a $50,000 minimum with participation in the automatic investment plan.  Check with your broker or purchase directly at BullPathFunds.com.

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Tagged as: Bank Deals, Bull Path Funds, Long-Short Mutual Fund, savings account

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