Responding to investor demand, Plainview Capital recently began trading a market-neutral version of its flagship long-biased, deep-value equity hedge fund.
Plainview Market Neutral Fund is expected to deliver a lower return, on average, than Plainview Deep Value Fund. But it is also expected to produce correspondingly lower volatility and little or no correlation with the broader equity market.
The fund has netted 1.4% after 10 weeks of trading through mid-April.
To achieve lower volatility, the new Plainview fund holds slightly larger capitalization stocks than Plainview Deep Value, but like the flagship, it invests in about 200 different companies.