The Long Riders

Long-only hedge funds are delivering handsome returns, but a reluctance to commit to unhedged offerings has kept most managers away.

When Matthew Feshbach pitched his long-only hedge fund in 2003, James Jenkins was both surprised and skeptical. Jenkins, executive vice president of Esko, a family office and private investment company based in Palm Beach, Florida, found it strange that a noted short-seller was approaching him with a long-only product.

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