Some fund products are labeled as 130-30 (pronounced to me as one thirty - thirty). Essentially it's a long only style fund with a big of leverage and short positions allowed. Managers can invest up to 130% of the NAV of the fund long and go short 30% as a way to squeeze extra alpha out of their views (e.g. take short positions on stocks they think are going to do badly).
Last edited by ACD
on October 18th, 2007, 10:00 pm, edited 1 time in total.