A successful financial executive based in the United States, Stewart Strawbridge is a managing member of Selkirk Partners. In that capacity, Stewart Strawbridge oversees all financial activity at the firm and plays an integral role in all global long/short equity investments. For many years, hedge funds have utilized long/short equity approaches to investing to produce a market-neutral collection of assets.
In terms of long/short equity strategy, hedge funds often invest in a pair of stocks in the same sector, taking a long position on one and a short position on the other. Known as "pair trading," the practice mitigates sector-specific risk while allowing investors to realize significant profit if both positions produce the desired results. Many hedge funds also look at external factors and develop long/short strategies in different sectors based on those factors. For example, rising interest rates might lead hedge funds to "go long" in interest-resistant sectors and "go short" in interest-sensitive sectors.
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Selkirk Partners managing member Stewart Strawbridge is also a fourth-generation jockey who won the 2007 Maryland Hunt Cup. In 2014, an Irish-bred racehorse owned by Stewart Strawbridge won the Maryland Hunt Cup with the guidance of jockey Jody Perry.
Held annually on the last Saturday of April, the Maryland Hunt Cup was established in 1894 as a friendly contest between two fox hunts. The race involves a four-mile steeplechase in which riders must navigate through a course that requires them to leap over 22 tall timber fences. During the 118th Maryland Hunt Cup in 2014, Guts For Glory came out ahead of Imperial Way and claimed first place. Born in Ireland in April 2003, Guts For Garters is the son of the Strawbridge family’s award-winning brown colt Presenting. He received his training from Stewart Strawbridge’s sister Sanna Neilson and previously won two overseas races in Ireland. While in Ireland, Guts For Garters’ wins included a hurdle and a chase. His win in the Maryland Hunt Cup marks the third win of his career. Additionally, he recently competed in the 2015 Maryland Hunt Cup and placed second. |
AuthorStewart Strawbridge rode The Bruce to victory in the 111th running of the Maryland Hunt Cup in 2007 Archives
December 2019
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