Kansas City Star – American Century Investments on Wednesday launched the American Century Long-Short Equity Fund, created to use some of the same trading strategiesas hedge funds.
The fund will be managed by Kurt Borgwardt, senior portfolio manager of American Century’s $3.7 billion Income & Growth Fund, and Zili Zhang, a senior vice president and director of quantitative research at the Kansas City mutual fund company.
The new fund will be run from the company’s Quantitative Equity Group, based in northern California.
Equity mutual fund managers at American Century and elsewhere traditionally have tried to choose for investors’ portfolios only stocks that seem apt to rise.
