What does LS stand for?

Andreas Utermann told Reuters that RCM will launch, in the next few weeks, a new Luxembourg-domiciled cross-border UCITS equity fund, and will launch a new vehicle which invests across its existing long-short funds within the next two quarters.

My focus for this column will be Jones's original approach: the long-short strategy.

But a review of the performance of long-short and market-neutral funds by Chicago data firm Morningstar found big variations in how well these funds managed to insulate investors from the market's worst days.

Shinnick has managed the Long-Short Fund since its inception in 2003.

BOSTON -- State Street Global Advisors (SSgA(a)), the investment management arm of State Street Corporation (NYSE: STT) and the largest institutional fund manager in the world1, today announced the launch of the SSgA Core Edge Equity Fund, a long-short (130/30) mutual fund that seeks to achieve long-term capital appreciation over the course of an economic cycle.

NYSE: JNS) today announced that Janus Adviser Long/Short Fund Class I Shares (JLSIX) closed out its first year ranked number one out of 118 funds in Morningstar's Long-Short Fund category based on total returns over the trailing one-year time period, as of 8/01/07.

More than a third of the 33 long-short funds tracked by Lipper fell more than the market in that period.

Milestone Highlights SSgA's Experience as Disciplined Manager Of Long-Short (130/30) Equity Portfolios BOSTON -- State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), and largest institutional fund manager in the world, today announced it has reached the $10-billion mark for assets under management in its fast-growing Edge strategies, SSgA's version of short-extension or 130/30 approaches.