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Montgomery Brings Global Long-Short Fund Home

Firm will turn offering into domestic-stock fund.


At a time when many managers and observers are saying foreign markets look better than they have in years, Montgomery Funds is reining in its Montgomery Global Long-Short Fund (MNGLX). The San Francisco-based fund family is changing the name, strategy, and manager of the fund, which has seen many tactical and leadership shifts during its short life.

In November, Montgomery plans to recast the $58 million Global Long-Short as a domestic fund and change its name to Montgomery Partners U.S. Equity Long-Short Plus Fund, according to filings with the Securities and Exchange Commission. The firm will replace current manager Chetan Joglekar with a team of subadvisors from SSI Investment Management, a 29-year-old Beverly Hills, Calif.-based institutional asset management firm.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.