Long-short equity is commonly used by hedge funds, which often take a relative long bias—for instance, a 130/30 strategy where long exposure is 130% of AUM and 30% is short exposure.

Long-Short Funds . Traditionally, the majority of mutual funds are long-only, meaning if something was considered undervalued, it would be invested in, and if a security was thought to be ...

At their root, tax-aware long-short vehicles present "an opportunity to go overweight certain factors and go underweight certain factors and find alpha between the two," said Brent Sullivan, a ...