Mutual funds have – without much success – been encroaching on hedge fund territory for some time. Increasingly, that includes so-called 130/30 shorting strategies, The Wall Street Journal reports. ING Funds, UBS Global Asset Management and Deutsche Bank Asset Management have launched 130/30 funds, and BlackRock, Mellon Equity Associates and State Street Global Advisors and investigating it. According to Morgan Stanley Prime Brokerage, $35 billion – out of the combined $10.5 trillion in mutual funds and hedge funds – is in the strategy, and the Journal says hedge funds aren’t ceding the territory to their more traditional brethren. D.E. Shaw Investment Management has recently launched a fund employing the strategy as well.