3-part long-short investing strategy from market-beating fund manager - Business Insider

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Mitch Rubin's fund has used a unique approach to reap 26% returns and double client assets this year. He breaks down his 3-part process for deciding which stocks to buy — and what to bet against.

Mitch Rubin, CIO and fund manager for RiverPark Capital, has seen his long-short fund double in size in 2020 as its returns have surged.Mitch Rubin's mutual fund is up 26% this year thanks to a mix of bets on the right high-growth companies and short positions on vulnerable stocks.

Investors are taking notice. His fund's assets have climbed from $92 million at the end of March to $205 million in early June, meaning they've doubled in barely two months. He chalks that up to both the fund's successes and to the nature of its approach. Rubin's approach boils down to taking long positions on companies that are poised for years of strong growth while shorting companies that face serious challenges. He told Business Insider about three qualities that he targets.Rubin says he wants to find companies that will double in value in four to five years. Acting as a high-growth investor, he fills the long side of his portfolio with about 100 companies that could do that.

more mature companies that look stable on the outside, but are inching closer to failure and could lose 30% to 50% of their value in two years"We generally want to short businesses where there is a structural fissure, an opening in the foundation of the business," he said."We're very conscious of where our belief in the risk in the market is different from the market's pricing in.

 

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