The Gotham Short Strategies Fund (the "Fund") is a long/short U.S. equity fund with a net short exposure of 50%-60% (e.g., 100% Long - 150% Short). The Fund seeks long-term capital appreciation and to provide positive returns during down markets. Joel Greenblatt and Robert Goldstein are the Managing Principals and Co-CIOs of Gotham Asset Management, LLC, the Advisor to this Fund.
Investment Strategy and Process
The Co-CIOs and their team of equity analysts employ Gotham’s proprietary analytical framework to evaluate stocks within the coverage universe on measures of absolute and relative value.
Gotham's equity research and risk controls are used to select long and short stock portfolios primarily from the U.S. large and mid-cap range.
The long (short) portfolio is rebalanced daily to weight most heavily those stocks priced at the largest discount (premium) to Gotham's assessment of value.
In general, as a company appears cheaper, it's weight in the portfolio increases.
Risk for the fund is managed by limiting concentration in any one company, industry or sector. In addition, gross and net exposures are managed daily to remain within carefully defined ranges.