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Sherwood Forest Capital Management launches ETF-based long/short fund

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Charlottesville, Virginia-based Sherwood Forest Capital Management has launched the no-load Sherwood Forest Long/Short Fund, which invests in US and overseas exchange-traded funds.

Charlottesville, Virginia-based Sherwood Forest Capital Management has launched the no-load Sherwood Forest Long/Short Fund, which invests in US and overseas exchange-traded funds.

“This unique ETF fund commences with some USD10m in assets, which we managed previously as separate accounts for our firm’s clients,” says portfolio manager Douglas Stewart.

The previous composite returns (net of fees) were +32.03 per cent for the year ending 31 December 2008 and +41.09 per cent since inception on 1 April 2007.

Stewart says: “SFCMX uses proprietary technical analysis to determine investments viable for the fund. We scan many sectors and indices looking for investment opportunities, finding long opportunities are treated with the same priority as the opportunities to short. Without a directional bias, we are focused strictly on managing the risk of the portfolio.”

The Sherwood Forest Long/Short Fund seeks to achieve long-term capital appreciation. To achieve its investment objective, the fund applies proprietary, trend-following methodologies to invest in ETFs that represent general asset classes, including both US and overseas equity markets; US fixed income markets; broad commodity indices; and the US Dollar.

The fund’s portfolio may include ETFs which invest in both developed and emerging markets in Europe, the Far East, the Middle East, Africa, Australia, Latin America and North America.

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