Equity long/short hedge funds are the essence of the industry. Many star managers have made their names in this strategy. Despite growth in other areas, equity long/short composes the largest single group of funds in the hedge funds universe.
Little has changed in the way hedge fund managers run a long/short equity strategy. “The substance of the day to day for most long/short managers is a lot of hard work, kicking the tyres, seeing the companies, digging into the numbers,” observes Steve