Gotham Asset Management

Gotham Asset Management (Gotham) is a New York-based value-oriented hedge fund manager. The firm manages long/short and long only equity strategies on behalf of institutional investors including pensions, endowments, foundations, and family offices. Many of Gotham's hedge fund offerings are available in mutual fund form. Its alternative mutual funds employ long/short equity strategies, offer institutional investors hedging strategies with lower fees, and the investment team typically selects long and short stock portfolios for its funds based on valuation. The investment process begins with a research effort that seeks to value all of the companies within the firm's proprietary research universe of US large and mid-cap companies. The portfolio's stock positions which generally include over 300 holdings on both the long and short sides are not equally weighted. Generally, the cheaper a company appears to the team, the larger the allocation it receives on the long side. On the short side, the more expensive a company appears relative to the investment team's assessment of value, the larger the short allocation it receives.