long short equity managers

also referred to as: long/short equity managers

4 statements across 4 episodes · 1 bullish · 2 bearish · 4 people on the record · first statement Feb 24, 2020 by Doug Phillips · across every show →

Everything said about long short equity managers, oldest first

Feb 24, 2020 neutral
Insight
Long/short funds should not generate alpha against long-only benchmarks in bull markets
“One of the things we don't expect our long, short managers to do is to generate alpha Against our long equity benchmark in a rising market. That would mean that they're pushing it too hard on the long side.”
Doug Phillips Feb 24, 2020 ▶ 41:24 Doug Phillips – Middle of the Fairway at the University of Rochester (Capital Allocators, EP.123)
Sep 27, 2021 bullish
Disclosure
Barth: BBR Pays Far Below Rack-Rate Fees for Small Long/Short Managers
“Because it's been such an unloved asset class, we don't pay anywhere near rack rate fees. It's smaller managers. For us with families, it's also managers who've been much more focused on tax efficiency, and so our ability to generate really attractive After fe…”
Brett Barth Sep 27, 2021 ▶ 35:44 Friends Reunion – Five Allocators Riff on Investing (Capital Allocators, EP.215)
Sep 19, 2022 bearish
Opinion
Harris: There are probably only 20 good long/short equity managers
“No, it's a very difficult model. There's probably only 20 good managers out there.”
Jon Harris Sep 19, 2022 ▶ 6:42 Friends Reunion 2 – Five Allocators Riff on Investing with Meredith Jenkins, Casey Whalen, Brett Barth, Jon Harris, and Ted Seides (Capital Allocators, EP.271)
May 29, 2023 negative
Insight
Blitz: Low gross and net exposures destroy hedge fund returns after fees
“A lot of long short equity managers actually run at too low of an exposure, both gross and net exposure, and you need such a tremendous amount of stock picking alpha to overcome that cash drag, to overcome the fees that they charge in order to generate somethi…”
Adam Blitz May 29, 2023 ▶ 49:49 Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318)
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