Morningstar has named the OC Concentrated Equity Fund in the Top 10 performers over five years using a long-short strategy. The OC Concentrated Equity Fund has returned 24.21% over three years and 2.69% over five years to 31 October, in stark contrast to the S&P/ASX 200 Accumulation Index which returned -6.94% and -0.18% over three and five years respectively.
Bina Brown lists the Top 10 long-short fund managers who are outperforming the broader market by using long-short strategies and highlights the necessary skills required to run this type of strategy. Despite global uncertainty, there are fund managers who are outperforming the market using long-short strategies says Brown. Having the necessary skills to sell shares that are overvalued and/or unloved by the market has been a definite boon for so called long-short fund managers, among those managers able to beat the broader market in recent years are those who adopt a long-short strategy.
Long and the short of shares, by Bina Brown, The Australian Financial Review