CHAPTER 5 Long/Short Equity Strategy
The long/short equity fund is one of the most well-known hedge fund strategies and has helped define the concept of a hedge fund. The long/short strategy is most well-known for a number of reasons. First, the long/short strategy was one of the first hedge fund strategies ever used. Alfred Winslow Jones, widely recognized as the father of hedge funds, launched his hedge fund using a combination of long positions and short positions, summed up with the long/short strategy moniker.
Alfred Winslow Jones, born September 9, 1900, is credited as the inventor of the modern hedge fund. As detailed in Sebastian Mallaby’s More Money than God, Jones’s story is anything but typical: He began his career working on a ...
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