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.
Stewart Strawbridge rode The Bruce to victory in the 111th running of the Maryland Hunt Cup in 2007