GARIX

About GARIX

The Gotham Absolute Return Fund Institutional Class is a long/short U.S. equity mutual fund that seeks to achieve long-term capital appreciation through a risk-controlled investment approach. Employing a strategy with a typical net long exposure of 50% to 60%, the fund balances long positions in undervalued stocks with short positions in overvalued equities, aiming to generate positive returns in a variety of market environments. The fund’s investment process is built around proprietary equity research and comprehensive risk controls, focusing mainly on large- and mid-cap U.S. companies. Managed by a team led by Joel Greenblatt and Robert Goldstein of Gotham Asset Management, the fund applies a disciplined daily rebalancing methodology, allocating more capital to stocks assessed to have the greatest discounts to intrinsic value. As part of the long-short equity category, the fund offers exposure to a wide universe of equities and related derivatives, often exhibiting lower market beta compared to traditional long-only strategies, making it a distinctive tool for institutional investors seeking diversification and risk-adjusted performance.