Hedge Fund Strategy 101 - 5

9.        Dedicated Short Bias:

Managers take long and short positions in mostly equities and derivatives, but maintain a net short position. Often target companies are with weak cash flow.

10.      Emerging Markets:

Many emerging markets don't allow short selling, or offer viable futures or other derivative products with which to hedge, so emerging market investing is generally a long only strategy involving currencies, debt and equities.

11.      Managed Futures:

Invest in financial, commodity and currency futures around the world.