Zweig-DiMenna goes neutral


In an effort to move away from its characteristic directional approach to running money, Zweig-DiMenna Associates has rolled out a new market neutral fund, bringing its menu of funds to six. The firm recently launched Zweig-DiMenna Market Neutral, which focuses on US stocks and follows a run of poor performance for the firm's main directional fund.

Zweig-DiMenna was founded in 1984 by Martin Zweig and Joseph DiMenna and currently manages $1.65 billion in assets. It also runs Zweig-DiMenna Partners, Zweig-DiMenna Investors, Zweig-DiMenna International, Zweig-DiMenna Special Opportunities and Zweig-DiMenna Select.