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Prudential Investments launches long-short equity fund

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Prudential Investments has launched the Prudential Long-Short Equity Fund, offering investors the opportunity to invest in equity securities with the potential to generate capital appreciation at a lower level of volatility over a full market cycle.

It also enables investors to diversify beyond long-only strategies.
 
The fund uses long and short positions within the full spectrum of US equity market capitalisation. The fund’s managers seek to add value by selecting attractive long positions, while having the flexibility to short sell securities they view as unfavourable. In addition, they can adjust the fund’s net long market exposure to take advantage of market conditions.
 
“With this new fund, our goal is to provide investors with growth potential from their equity investments, while seeking less volatile return patterns,” says Stuart Parker, president of Prudential Investments.
 
The fund is managed by a team from Quantitative Management Associates (QMA), including Peter Xu, Stacie Mintz and Devang Gambhirwala, who average 22 years of investment experience. With more than a decade of experience managing long-short equity portfolios, QMA has expertise in applying adaptive models to an array of investment and asset allocation strategies, including long-only, active extension, market neutral and alternatives strategies.
 
“In this fund, we are building on what we already do well,” says Mintz. “The strategy combines our active, bottom-up stock selection approach with insights from our asset allocation team to create a flexible portfolio designed to help investors in volatile markets.”

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