Joel Greenblatt Launches Gotham Long/Short Mutual Fund

Joel Greenblatt Launches Gotham Long/Short Mutual Fund
Image source: YouTube Video Screenshot

Gotham Asset Management LLC, founded and managed by Joel Greenblatt, has added another fund to its growing portfolio. GARIX, Gotham Absolute Return Fund (MUTF:GARIX), was initiated on Aug 31, 2012.  The minimum investment in the fund is $250,000, with an additional investment of $25,000. The gross expense ratio is 3.82 percent. The fund is based on Long/Short investments in US equity.

Play Quizzes 4

Joel Greenblatt Launches Gotham Long/Short Mutual Fund

By numbers, the fund has 305 long holdings and 306 short holdings. However the exposure in long equity is 118 percent, while short exposure is -58 percent. The fund gained 1.7 percent in its first month of operation (Sep 2012), while on the HFRX Equity Hedge Index, the performance has been +0.78 percent by the end of September. GARIX gained 0.30 percent in the first three days of October. Trading began in September at $9.98, and opened today with 10.25. This is a 2.7 percent gain, with +0.27.

[Exclusive] ExodusPoint Is In The Green YTD Led By Rates And EM/ Macro Strategies

Invest ESG Leon CoopermanThe ExodusPoint Partners International Fund returned 0.36% for May, bringing its year-to-date return to 3.31% in a year that's been particularly challenging for most hedge funds, pushing many into the red. Macroeconomic factors continued to weigh on the market, resulting in significant intra-month volatility for May, although risk assets generally ended the month flat. Macro Read More

By Sector, maximum holdings are allocated in Information Technology (23 percent). Industrials take 11.7 percent of the portfolio, Health Care is 10 .8 percent, Consumer Discretionary 9.12 percent, Consumer Staples 4 percent, and Telecom 0.67 percent.

Gotham Absolute Return Institutional (MUTF:GARIX) Fund is aiming to keep its net equity exposure below 70 percent overall. The current net exposure is 60 percent (Long +118 percent, Short -58 percent). The fund also wants to maintain an overall positive exposure throughout, so no dominant short exposure for this one.

The portfolio managers for Absolute Return Fund (“the Fund”) are Joel Greenblatt and Robert Goldstein, both share the position of Chief Investment Officer for the Fund. Joel Greenblatt founded Gotham Capital in 1985. He established Gotham Asset Management LLC in 2008. The total assets under management exceed $1.4 billion, as of February 2012.

Updated on

No posts to display