Convergence Long/Short Equity Fund Institutional Class (MARNX)
Convergence Long/Short Equity Fund Institutional Class operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $15.28, down 1.24% on the session, giving a market capitalisation of $25.2M. Its beta of 0.66 implies it has historically moved less than the broad market.
This fund primarily allocates at least 80% of its net assets to both long and short positions in the equity securities of U.S. companies. While the advisor chiefly focuses on established mid- and large-capitalization firms, it retains the flexibility to invest in companies of any market size. The core strategy involves taking long (buying) positions in securities anticipated to outperform the market, and concurrently taking short (selling) positions in those expected to underperform. The advisor aims to keep the fund's overall net long market exposure within a range of approximately 50% to 100%.
Convergence Long/Short Equity Fund Institutional Class is most often compared with the following Financial Services names: