Fund in Focus

Gotham U.S. Equity Long Short UCITS Fund

Investment objective and philosophy:

The MLIS Gotham U.S. Equity Long/Short UCITS Fund invests in U.S. equity long and short based on proprietary valuations and adjusts positions daily to take advantage of changing stock prices and fundamental information.

Key Highlights:

  • Value oriented long/short U.S. equity strategy, combining fundamental research, bottom-up stock picking and systematic portfolio construction and risk management.
  • Valuation process assesses recurring earnings, cash flows, capital efficiency and capital structure of mid to large cap U.S. companies to determine which companies are absolutely and relatively cheap or expensive.
  • Portfolio consists of at least 250 long and 250 short positions, ranked and rebalanced daily by the research team led by Co-CIOs Joel Greenblatt and Robert Goldstein using the firm’s proprietary methodology.
  • Positions are not equally weighted; they are sized from most attractive (largest discount to value) to least attractive (largest premium to value) based on Gotham’s proprietary measures of absolute and relative value, subject to risk constraints.
  • Targets approximately 50% net long exposure by being 115% long and 65% short (approximately 180% gross exposure).
  • Manages risk through portfolio diversification, setting maximum limits for sector concentration and maintaining overall gross and net exposures within carefully defined ranges. 

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The platform offers innovative and value added strategies for investors to meet their investment and risk management goals via UCITS compliant funds. The high quality of the investment process, trade monitoring systems and the superior client service model of the platform has attracted third party hedge fund managers and in-house research capabilities, which are then wrapped in a liquid and transparent UCITS compliant Fund.  The INVEST Funds platform has more than $6.1 billion in assets under management. At its core is the award-winning Merrill Lynch Investment Solutions platform, which currently provides access to 16 leading hedge fund managers in a UCITS-compliant structure.

 

 

 

About us

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

 

Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. There can be no assurance that the investment objectives of the fund will be achieved and investment results may vary substantially over time. The price and value of investments can go down as well as up and an investment in the fund may be subject to sudden and large falls in value.You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. The offering documents for the funds contain risk warnings which are specific to each fund and you should only invest in a fund once you have carefully read and understood the prospectus and simplified prospectus/Key Investor Information Document (KIID)for the fund. The prospectus, the simplified prospectus/KIID and the latest periodic reports for each fund are also available free of charge (contact details of the facilities where such documents are available are set out on the web-page of the relevant fund).

 

The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.

 

Tax treatment depends on your individual circumstances and may be subject to change in future.