Wasatch Advisors has recently released a white paper on long/short mutual funds. Touting the benefits of long/short offerings, the paper comes months after Wasatch's December acquisition of three 1st Source Monogram funds, including the Long/Short Fund.

The fund, which was subsequently rebranded the Wasatch-1st Source Long/Short Fund, currently has $163 million of AUM.

The release of the white paper marks the first substantial promotion of the fund.

"We weren't familiar with long/short funds either, until we started looking at buying 1st Source," said Eric Huefner, director of mutual funds and brand management at Wasatch, in an interview with The MFWire.

"It's a misunderstood class and there are probably a lot of people who could benefit from this information as well, especially with the volatility in the market. A lot of people are nervous still, and they would love to have something that would help on the downside as well as capture a lot of the upside," he added.

The white paper provides an overview of the different types of long/short funds and the investment strategies and risks surrounding each.

Wasatch completed its acquisition of the three 1st Source Monogram funds on December 15. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE